1034 Locust StPasadenaCA91106
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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
Investment property for sale in Pasadena at 1034 Locust St, Pasadena, CA, 91106 uses $295,771 cash to close to unlock $18,609/yr annual cash flow and $1,551/mo monthly cash flow. Total monthly income runs $7,112/mo, and a $4,400/mo payment keeps the spread at $1,551/mo. Purchase price stands at $899,000, and rental yield measures 9.49% with $7,112/mo rent. Return on cash invested shows 26.35% in year one, and 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 137.35% and total cumulative return in cash records $406,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,112/mo property income covering a $4,400/mo payment rather than investor’s personal income.
Single Family
Built in 1907
9,452 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91106, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,390 (100%) |
| Owner Occupied HU | 3,817 (33.5%) |
| Renter Occupied HU | 6,904 (60.6%) |
| Vacant Housing Units | 669 ( 5.9%) |
| Median Home Value | $1,177,838 |
| Average Home Value | $1,342,656 |
Housing Distribution
Address Breakdown
Residential
11,650
Single Family
5,273
Multi-Family
6,377
Businesses
910
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Listed by: David Lo • Universal Elite Inc.
Mls Name: CRMLS
Mls ID: #TR25181741