28 Washington StreetNovatoCA94947
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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 28 Washington Street, Novato, CA, 94947 listed at $1,049,000 pairs $4,876/mo rent with a $5,134/mo payment. Total monthly income runs $4,876/mo. Return on cash invested measures 14.67% in year one, and rental yield registers 5.58% at a $1,049,000 basis. Equity gained on principal adds $6,769/yr, and annual property appreciation at 5% supports $289,819 by year five. Five-year ROI tracks 74.68% and total cumulative return in cash totals $253,828. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,876/mo property income relative to a $5,134/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
8,163 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94947, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,836 (100%) |
| Owner Occupied HU | 6,589 (67.0%) |
| Renter Occupied HU | 2,856 (29.0%) |
| Vacant Housing Units | 391 ( 4.0%) |
| Median Home Value | $1,067,170 |
| Average Home Value | $1,143,356 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
7,821
Multi-Family
1,747
Businesses
269
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Listed by: Renee A Engelen • HRH Real Estate Services
Mls Name: BAREIS
Mls ID: #325034167