84 Montego KeyNovatoCA94949
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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
Investment Highlights
Investment property for sale in Novato at 84 Montego Key, Novato, CA, 94949 offers a 5.48% rental yield on a $1,340,000 purchase with $6,114/mo rent. 28% in year one. Equity gained on principal adds $8,647/yr while 5% annual appreciation supports $370,217 over five years. Portfolio math shows five-year ROI at 72.57% and total cumulative return in cash at $315,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,114/mo property income against a $6,559/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
9,918 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94949, Novato, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,048 (100%) |
| Owner Occupied HU | 4,454 (63.2%) |
| Renter Occupied HU | 2,232 (31.7%) |
| Vacant Housing Units | 362 ( 5.1%) |
| Median Home Value | $1,084,906 |
| Average Home Value | $1,131,264 |
Housing Distribution
Address Breakdown
Residential
7,438
Single Family
6,628
Multi-Family
810
Businesses
847
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Listed by: Robin Jaurique • RE/MAX Gold
Mls Name: BAREIS
Mls Provider:
Mls ID: #325067299
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