9 Monroe CtNovatoCA94947
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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 9 Monroe Ct, Novato, CA, 94947 priced at $1,450,000 pairs $5,696/mo rent with after a $7,097/mo payment. Total monthly income equals $5,696/mo. Return on cash invested is 10.73% in year one, and rental yield stands at 4.71% on a $1,450,000 basis. Equity gained on principal adds $9,357/yr, and 5% annual appreciation accumulates to $400,608 by year five. Five-year ROI measures 54% and total cumulative return in cash reaches $253,689. For financing, Ziffy Mortgage’s DSCR program evaluates $5,696/mo property income against a $7,097/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
8,446 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: Own Marin • Own Marin
Mls Name: BAREIS
Mls Provider:
Mls ID: #325038463
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.