1246 Patricia Ave UNIT 26Simi ValleyCA93065
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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 Simi Valley at 1246 Patricia Ave UNIT 26, Simi Valley, CA, 93065 uses $155,805 cash to close to unlock $6,227/yr annual cash flow and $519/mo monthly cash flow. Total monthly income runs $3,426/mo, and a $2,300/mo payment keeps the spread at $519/mo. Purchase price stands at $470,000, and rental yield measures 8.75% with $3,426/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 124.25% and total cumulative return in cash records $193,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,426/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Condo
Built in 1979
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93065, Simi Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,634 (100%) |
| Owner Occupied HU | 17,970 (70.1%) |
| Renter Occupied HU | 6,987 (27.3%) |
| Vacant Housing Units | 677 ( 2.6%) |
| Median Home Value | $844,784 |
| Average Home Value | $887,427 |
Housing Distribution
Address Breakdown
Residential
25,320
Single Family
23,251
Multi-Family
2,069
Businesses
1,888
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Listed by: Lauren Murdock • Equity Union
Mls Name: CRMLS
Mls ID: #SR25159903