23 Oceano PlNovatoCA94949
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Novato at 23 Oceano Pl, Novato, CA, 94949 generates $3,834/mo in rent and, after a $1,366/mo payment, leaves $2,108/mo in cash flow. Total monthly income is $3,834/mo, and annual cash flow is $25,291/yr on $92,489 invested. Return on cash invested sits at 47.25% in year one, and rental yield is 16.49% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 249.5% and total cumulative return in cash sums $230,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,834/mo property income rather than buyer’s personal income.
Manufactured
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94949, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,048 (100%) |
| Owner Occupied HU | 4,454 (63.2%) |
| Renter Occupied HU | 2,232 (31.7%) |
| Vacant Housing Units | 362 ( 5.1%) |
| Median Home Value | $1,084,906 |
| Average Home Value | $1,131,264 |
Housing Distribution
Address Breakdown
Residential
7,438
Single Family
6,628
Multi-Family
810
Businesses
847
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Listed by: Gloria Walli • Berkshire Hathaway
Mls Name: BAREIS
Mls Provider:
Mls ID: #324059470
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.