32 Lovejoy WayNovatoCA94949
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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
Rental property for sale in Novato at 32 Lovejoy Way, Novato, CA, 94949 priced at $530,000 pairs $4,308/mo rent with $1,029/mo cash flow after a $2,594/mo payment. Total monthly income equals $4,308/mo, and annual cash flow comes to $12,353/yr on $174,370 invested. Return on cash invested is 27.14% in year one, and rental yield stands at 9.75% on a $530,000 basis. Equity gained on principal adds $3,420/yr, and 5% annual appreciation accumulates to $146,429 by year five. Five-year ROI measures 141.62% and total cumulative return in cash reaches $246,943. For financing, Ziffy Mortgage’s DSCR program evaluates $4,308/mo property income against a $2,594/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1942
988.81 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
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Listed by: Pasima Arikat • Millennium Properties
Mls Name: BAREIS
Mls ID: #325055404