1318 Corson St APT 5PasadenaCA91106
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 Pasadena at 1318 Corson St APT 5, Pasadena, CA, 91106 offers a 7.45% rental yield on a $665,000 purchase with $4,126/mo rent. Total monthly income registers $4,126/mo, and a $3,255/mo payment leaves $12/mo available for distribution. Annual cash flow reaches $144/yr on $218,785 to close, and return on cash invested stands at 20.13% in year one. Equity gained on principal adds $4,291/yr while 5% annual appreciation supports $183,727 over five years. Portfolio math shows five-year ROI at 103.99% and total cumulative return in cash at $227,515. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,126/mo property income against a $3,255/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91106, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,390 (100%) |
| Owner Occupied HU | 3,817 (33.5%) |
| Renter Occupied HU | 6,904 (60.6%) |
| Vacant Housing Units | 669 ( 5.9%) |
| Median Home Value | $1,177,838 |
| Average Home Value | $1,342,656 |
Housing Distribution
Address Breakdown
Residential
11,650
Single Family
5,273
Multi-Family
6,377
Businesses
910
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Artin Sarkissian • The Art In Real Estate
Mls Name: CRMLS
Mls ID: #GD25150911