70 Scottsdale WayNovatoCA94947
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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 70 Scottsdale Way, Novato, CA, 94947 uses $202,335 cash to close to unlock $13,401/yr annual cash flow and $1,117/mo monthly cash flow. Total monthly income runs $5,894/mo, and a $3,010/mo payment keeps the spread at $1,117/mo. Purchase price stands at $615,000, and rental yield measures 11.5% with $5,894/mo rent. Return on cash invested shows 26.68% in year one, and 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 141.23% and total cumulative return in cash records $285,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,894/mo property income covering a $3,010/mo payment rather than investor’s personal income.
Condo
Built in 1979
1,119 sqft lot
$N/A/sqft
$650 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: Forest Desante • Corcoran Icon Properties
Mls Name: BAREIS
Mls Provider:
Mls ID: #324064943
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.