717 De Long AveNovatoCA94945
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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 717 De Long Ave, Novato, CA, 94945 at $689,000 posts ROI 30.42% with $1,957/mo cash flow from $6,788/mo rent. Total monthly income equals $6,788/mo, and annual cash flow records $23,480/yr on $226,681 to close. Return on cash invested measures 30.42% and rental yield reads 11.82% at the current $689,000. Equity gained on principal adds $4,446/yr, and 5% annual appreciation supports $190,358 by year five. Five-year ROI prints 160.25% and total cumulative return in cash totals $363,258.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,788/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1979
719 sqft lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94945, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,336 (100%) |
| Owner Occupied HU | 4,942 (67.4%) |
| Renter Occupied HU | 2,110 (28.8%) |
| Vacant Housing Units | 284 ( 3.9%) |
| Median Home Value | $1,225,048 |
| Average Home Value | $1,276,766 |
Housing Distribution
Address Breakdown
Residential
7,025
Single Family
5,932
Multi-Family
1,093
Businesses
732
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Listed by: William Byrd • RE/MAX Gold
Mls Name: BAREIS
Mls Provider:
Mls ID: #324061877
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.