475 Wilson AveNovatoCA94947
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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 475 Wilson Ave, Novato, CA, 94947 uses $336,960 cash to close to unlock $6,268/yr annual cash flow and $522/mo monthly cash flow. Total monthly income runs $7,194/mo, and a $5,090/mo payment keeps the spread at $522/mo. Purchase price stands at $1,040,000, and rental yield measures 8.3% with $7,194/mo rent. Return on cash invested shows 22.23% in year one, and 5% annual appreciation builds toward $287,333 over five years. Five-year ROI reaches 115.5% and total cumulative return in cash records $389,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,194/mo property income covering a $5,090/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9,962 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: Chelsea Lovascio • Hedge Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #324044344
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.