23 Palmer DrNovatoCA94949
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
Investment property for sale in Novato at 23 Palmer Dr, Novato, CA, 94949 at $1,990,000 posts ROI 9.01% with from $7,470/mo rent. Total monthly income equals $7,470/mo. Return on cash invested measures 9.01% and rental yield reads 4.5% at the current $1,990,000. Equity gained on principal adds $12,841/yr, and 5% annual appreciation supports $549,800 by year five. Five-year ROI prints 45.13% and total cumulative return in cash totals $290,963. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,470/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2003
6,569 sqft lot
$N/A/sqft
$240 monthly 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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Nearby investment properties with comparable prices
Listed by: Alexandra Bondanza • Golden Gate Sotheby's Internat
Mls Name: BAREIS
Mls Provider:
Mls ID: #325024164
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.