1219 N Hoover StLos AngelesCA90029
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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 Los Angeles at 1219 N Hoover St, Los Angeles, CA, 90029 generates $6,655/mo in rent and, after a $3,646/mo payment, leaves $2,047/mo in cash flow. Total monthly income is $6,655/mo, and annual cash flow is $24,560/yr on $245,105 invested. Return on cash invested sits at 30.08% in year one, and rental yield is 10.72% on a $745,000 entry. Equity gained on principal adds $4,807/yr, while 5% annual appreciation builds toward $205,830 over five years. Five-year ROI reaches 157.35% and total cumulative return in cash sums $385,676. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,655/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
3,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90029, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,447 (100%) |
| Owner Occupied HU | 1,273 ( 8.8%) |
| Renter Occupied HU | 12,309 (85.2%) |
| Vacant Housing Units | 865 ( 6.0%) |
| Median Home Value | $1,196,013 |
| Average Home Value | $1,237,326 |
Housing Distribution
Address Breakdown
Residential
14,739
Single Family
5,361
Multi-Family
9,378
Businesses
1,447
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Listed by: Ian Brooks • Berkshire Hathaway HomeServices California Properties
Mls Name: CLAW
Mls ID: #25585415