36 Plumas CirNovatoCA94947
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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 36 Plumas Cir, Novato, CA, 94947 listed at $447,500 pairs $3,486/mo rent with a $2,190/mo payment to leave $318/mo cash flow. Total monthly income runs $3,486/mo, and annual cash flow reaches $3,816/yr on $148,346 cash to close. Return on cash invested measures 22.48% in year one, and rental yield registers 9.35% at a $447,500 basis. Equity gained on principal adds $2,888/yr, and annual property appreciation at 5% supports $123,636 by year five. Five-year ROI tracks 117.79% and total cumulative return in cash totals $174,733. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,486/mo property income relative to a $2,190/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
3,202 sqft lot
$N/A/sqft
$400 monthly 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: Kristen Palmer • Compass
Mls Name: BAREIS
Mls Provider:
Mls ID: #324082019
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.