55 Grove LnNovatoCA94947
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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 55 Grove Ln, Novato, CA, 94947 with 5% annual appreciation on a $999,000 basis while $7,554/mo rent supports operations. Total monthly income totals $7,554/mo and a $4,890/mo payment preserves $1,117/mo for cash returns. Annual cash flow comes to $13,407/yr on $328,671 deployed, and return on cash invested reaches 24.14% in year one. Equity gained on principal adds $6,446/yr, and five-year appreciation sums $276,005 alongside rental yield of 9.07%. Five-year ROI measures 125.83% and total cumulative return in cash totals $413,570.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,554/mo property income versus a $4,890/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
8,398 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: Dean Rafello • Dean Rafello Real Estate
Mls Name: BAREIS
Mls Provider:
Mls ID: #324057605
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.