1408 S California Ave UNIT CMonroviaCA91016
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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
Rental property for sale in Monrovia at 1408 S California Ave UNIT C, Monrovia, CA, 91016 generates $4,075/mo in rent, after a $3,323/mo payment. Total monthly income is $4,075/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 7.2% on a $679,000 entry. Equity gained on principal adds $4,381/yr, while 5% annual appreciation builds toward $187,595 over five years. Five-year ROI reaches 100.01% and total cumulative return in cash sums $223,403. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,075/mo property income rather than buyer’s personal income.
Townhouse
Built in 2009
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91016, Monrovia, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,018 (100%) |
| Owner Occupied HU | 7,649 (44.9%) |
| Renter Occupied HU | 8,261 (48.5%) |
| Vacant Housing Units | 1,108 ( 6.5%) |
| Median Home Value | $915,371 |
| Average Home Value | $992,236 |
Housing Distribution
Address Breakdown
Residential
16,245
Single Family
12,149
Multi-Family
4,096
Businesses
1,506
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Listed by: Eli Strickland • RE/MAX INNOVATIONS
Mls Name: CRMLS
Mls ID: #CV25218772