1324 N Citrus Ave TRLR 24CovinaCA91722
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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 Covina at 1324 N Citrus Ave TRLR 24, Covina, CA, 91722 uses $85,859 cash to close to unlock $1,961/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $1,766/mo, and a $1,268/mo payment keeps the spread at $163/mo. Purchase price stands at $259,000, and rental yield measures 8.18% with $1,766/mo rent. Return on cash invested shows 22.19% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 115.13% and total cumulative return in cash records $98,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,766/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Manufactured
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91722, Covina, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,696 (100%) |
| Owner Occupied HU | 7,618 (65.1%) |
| Renter Occupied HU | 3,763 (32.2%) |
| Vacant Housing Units | 315 ( 2.7%) |
| Median Home Value | $655,610 |
| Average Home Value | $683,493 |
Housing Distribution
Address Breakdown
Residential
10,665
Single Family
8,813
Multi-Family
1,852
Businesses
862
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Listed by: Joe Lopez • Real Estate Executives Secure Properties
Mls Name: CRMLS
Mls ID: #DW25145527