8 Oak Crest Ct APT GNovatoCA94947
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow8 Oak Crest Ct APT G, Novato, CA, 94947 in Novato earns its strong cash-flow label: 13% yield, $6,816/mo rent, $2,393/mo net income, DSCR 2.41. The $629,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $173,781 by year five. Combined with $5,793/yr in principal paydown, total projected return reaches $394,839.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13% | 6.0% |
| Monthly Cash Flow | $2,393 | $2,500 |
City averages based on Novato market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,816 |
| Total Monthly Debt Service | $4,173 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1976
2,500 sqft lot
$N/A/sqft
$532 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1976
2,500 sqft lot
$N/A/sqft
$532 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices