110 N Drown AveOjaiCA93023
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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 Ojai at 110 N Drown Ave, Ojai, CA, 93023 priced at $998,000 converts $4,820/mo rent into after a $4,885/mo obligation. Total monthly income equals $4,820/mo. Return on cash invested prints 15.11% in year one, and rental yield reads 5.8% against a $998,000 entry. Equity gained on principal adds $6,440/yr, while 5% annual appreciation compiles into $275,729 by year five. Five-year ROI reaches 77.07% and total cumulative return in cash sums $253,056. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,820/mo property income covering a $4,885/mo payment, not borrower’s personal income.
Single Family
Built in 1951
6,098 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: Rosalie Zabilla • Sotheby's International Realty
Mls Name: CRMLS
Mls ID: #V1-33584