126 N New Ave #9Monterey ParkCA91755
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 126 N New Ave #9, Monterey Park, CA, 91755 in Monterey Park is capital appreciation. Rental yield 5.98%. The 5.98% gross yield at $920,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $254,179 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (1.11) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $277,636.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 5.5% |
| Monthly Cash Flow | $(1,594) | $300 |
City averages based on Monterey Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,585 |
| Total Monthly Debt Service | $5,325 |
| DSCR Ratio | 0.86x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2025
1,826 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91755, Monterey Park, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,951 (100%) |
| Owner Occupied HU | 4,693 (47.2%) |
| Renter Occupied HU | 4,892 (49.2%) |
| Vacant Housing Units | 366 ( 3.7%) |
| Median Home Value | $862,990 |
| Average Home Value | $893,822 |
Housing Distribution
Address Breakdown
Residential
9,003
Single Family
5,878
Multi-Family
3,125
Businesses
391
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 2025
1,826 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91755, Monterey Park, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,951 (100%) |
| Owner Occupied HU | 4,693 (47.2%) |
| Renter Occupied HU | 4,892 (49.2%) |
| Vacant Housing Units | 366 ( 3.7%) |
| Median Home Value | $862,990 |
| Average Home Value | $893,822 |
Housing Distribution
Address Breakdown
Residential
9,003
Single Family
5,878
Multi-Family
3,125
Businesses
391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: CRMLS
Mls ID: #AR26002417