3 Oceano PlNovatoCA94949
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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 3 Oceano Pl, Novato, CA, 94949 uses $119,340 cash to close to unlock $2,508/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $2,436/mo, and a $1,762/mo payment keeps the spread at $209/mo. Purchase price stands at $360,000, and rental yield measures 8.12% with $2,436/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 114.1% and total cumulative return in cash records $136,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,436/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Manufactured
Built in 1970
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: Diego Barajas • Marin's Finest
Mls Name: BAREIS
Mls Provider:
Mls ID: #325026213
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.