1075 Loma Dr SPACE 47OjaiCA93023
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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 Ojai at 1075 Loma Dr SPACE 47, Ojai, CA, 93023 offers a 8.11% rental yield on a $283,000 purchase with $1,913/mo rent. Total monthly income registers $1,913/mo, and a $1,385/mo payment leaves $162/mo available for distribution. Annual cash flow reaches $1,949/yr on $93,815 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $1,826/yr while 5% annual appreciation supports $78,188 over five years. Portfolio math shows five-year ROI at 114% and total cumulative return in cash at $106,947. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,913/mo property income against a $1,385/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2022
3,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93023, Ojai, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,986 (100%) |
| Owner Occupied HU | 5,527 (61.5%) |
| Renter Occupied HU | 2,734 (30.4%) |
| Vacant Housing Units | 725 ( 8.1%) |
| Median Home Value | $991,071 |
| Average Home Value | $1,172,401 |
Housing Distribution
Address Breakdown
Residential
8,378
Single Family
8,081
Multi-Family
297
Businesses
693
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Listed by: Heather Carranco • Redfin Corporation
Mls Name: CRMLS
Mls ID: #V1-32004