147 N Michigan AvePasadenaCA91106
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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 Pasadena at 147 N Michigan Ave, Pasadena, CA, 91106 projects strong ROI of 1.55%. Rental yield 1.33%. With 5% annual appreciation, the property builds $858,296 in value over five years. Equity growth combined delivers a projected five-year ROI of 4.3%, translating into $43,307 in total cumulative return on $1,006,538 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Apartment
Built in 1950
N/A 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
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Listed by: N/A • N/A
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Mls ID: #N/A