1256 Patricia Ave UNIT 10Simi ValleyCA93065
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
Investment Highlights
Investment property for sale in Simi Valley at 1256 Patricia Ave UNIT 10, Simi Valley, CA, 93065 listed at $437,000 pairs $3,229/mo rent with a $2,139/mo payment to leave $526/mo cash flow. Total monthly income runs $3,229/mo, and annual cash flow reaches $6,306/yr on $144,866 cash to close. Return on cash invested measures 24.26% in year one, and rental yield registers 8.87% at a $437,000 basis. Equity gained on principal adds $2,820/yr, and annual property appreciation at 5% supports $120,735 by year five. Five-year ROI tracks 126.19% and total cumulative return in cash totals $182,800. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,229/mo property income relative to a $2,139/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Nolan • RE/MAX ONE
Mls Name: CSMAOR
Mls ID: #226000024