864 Cypress AveNovatoCA94947
Nearby investment properties with comparable rents
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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
Rental property for sale in Novato at 864 Cypress Ave, Novato, CA, 94947 priced at $1,008,000 converts $4,560/mo rent into after a $4,934/mo obligation. Total monthly income equals $4,560/mo. Return on cash invested prints 14.11% in year one, and rental yield reads 5.43% against a $1,008,000 entry. Equity gained on principal adds $6,504/yr, while 5% annual appreciation compiles into $278,492 by year five. Five-year ROI reaches 71.67% and total cumulative return in cash sums $234,079. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,560/mo property income covering a $4,934/mo payment, not borrower’s personal income.
Single Family
Built in 1946
8,450 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: N/A • N/A
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