111 N 2nd St Unit 316AlhambraCA91801
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 111 N 2nd St Unit 316, Alhambra, CA, 91801 in Alhambra is narrow, $59/mo net on $3,258/mo rent after the $2,158/mo debt service, but the property operates at break-even-plus, not a loss. At $480,000 with a 8.14% yield, the long-run equity case via 5% appreciation ($132,615 over five years) and $4,421/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.51 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $200,591.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.2% |
| Monthly Cash Flow | $59 | $1,500 |
City averages based on Alhambra market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,258 |
| Total Monthly Debt Service | $2,778 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2009
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91801, Alhambra, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,365 (100%) |
| Owner Occupied HU | 6,865 (32.1%) |
| Renter Occupied HU | 13,496 (63.2%) |
| Vacant Housing Units | 1,004 ( 4.7%) |
| Median Home Value | $891,459 |
| Average Home Value | $974,302 |
Housing Distribution
Address Breakdown
Residential
21,119
Single Family
11,464
Multi-Family
9,655
Businesses
1,385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2009
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91801, Alhambra, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,365 (100%) |
| Owner Occupied HU | 6,865 (32.1%) |
| Renter Occupied HU | 13,496 (63.2%) |
| Vacant Housing Units | 1,004 ( 4.7%) |
| Median Home Value | $891,459 |
| Average Home Value | $974,302 |
Housing Distribution
Address Breakdown
Residential
21,119
Single Family
11,464
Multi-Family
9,655
Businesses
1,385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eddy Ho • RE/MAX Premier Properties
Mls Name: CRMLS
Mls ID: #AR26007752