1024 S Marengo AveAlhambraCA91803
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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 Alhambra at 1024 S Marengo Ave, Alhambra, CA, 91803 generates $3,920/mo in rent and, after a $3,084/mo payment, leaves $22/mo in cash flow. Total monthly income is $3,920/mo, and annual cash flow is $267/yr on $207,270 invested. Return on cash invested sits at 20.19% in year one, and rental yield is 7.47% on a $630,000 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 104.32% and total cumulative return in cash sums $216,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,920/mo property income rather than buyer’s personal income.
Condo
Built in 1984
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91803, Alhambra, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,078 (100%) |
| Owner Occupied HU | 4,773 (47.4%) |
| Renter Occupied HU | 4,979 (49.4%) |
| Vacant Housing Units | 326 ( 3.2%) |
| Median Home Value | $871,266 |
| Average Home Value | $929,972 |
Housing Distribution
Address Breakdown
Residential
10,365
Single Family
7,737
Multi-Family
2,628
Businesses
1,063
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Listed by: RAE ZHANG • RE/MAX CHAMPIONS
Mls Name: CRMLS
Mls ID: #WS26017729