28 Lovejoy WayNovatoCA94949
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 28 Lovejoy Way, Novato, CA, 94949 in Novato speaks for itself: 10.92% gross on a $499,999 price, generating $4,549/mo in rent and $1,456/mo in net income after the $2,248/mo debt service. DSCR 2.02, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $17,473 stacks alongside $138,141 in projected five-year appreciation and $4,605/yr in principal reduction. Projected total cumulative return: $283,335.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.0% |
| Monthly Cash Flow | $1,456 | $2,500 |
City averages based on Novato market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,549 |
| Total Monthly Debt Service | $2,894 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1942
492.23 sqft 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
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
Condo
Built in 1942
492.23 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Randy E Nichols • RE/MAX Accord
Mls Name: BAREIS
Mls ID: #325072774