1448 Patricia Ave UNIT 204Simi 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
Rental property for sale in Simi Valley at 1448 Patricia Ave UNIT 204, Simi Valley, CA, 93065 offers $4,144/mo rent that, after a $2,944/mo payment, leaves $204/mo cash flow. Total monthly income is $4,144/mo, and annual cash flow is $2,448/yr on $197,894 cash. Return on cash invested measures 21.3% in year one, and rental yield stands at 8.27% at a $601,500 entry. Equity gained on principal adds $3,881/yr while 5% annual appreciation compounds into $166,183 by year five. Five-year ROI records 110.75% and total cumulative return in cash reaches $219,171. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,144/mo property income versus a $2,944/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2005
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: Cedric Age • Ace Realty-Palmdale
Mls Name: GAVAR
Mls Provider:
Mls ID: #25007258
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.