1038 Del Rey AvePasadenaCA91107
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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 1038 Del Rey Ave, Pasadena, CA, 91107 offers a 4.91% rental yield on a $999,000 purchase with $4,085/mo rent. 41% in year one. Equity gained on principal adds $6,446/yr while 5% annual appreciation supports $276,005 over five years. Portfolio math shows five-year ROI at 62.59% and total cumulative return in cash at $205,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,085/mo property income against a $4,890/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
7,039 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91107, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,032 (100%) |
| Owner Occupied HU | 7,722 (55.0%) |
| Renter Occupied HU | 5,537 (39.5%) |
| Vacant Housing Units | 773 ( 5.5%) |
| Median Home Value | $1,207,182 |
| Average Home Value | $1,300,880 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
10,845
Multi-Family
3,149
Businesses
1,694
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Listed by: Armen Sarkissian • Berkshire Hathaway Home Servic
Mls Name: CRMLS
Mls ID: #P1-24023