15000 Downey Ave UNIT 343ParamountCA90723
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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 Paramount at 15000 Downey Ave UNIT 343, Paramount, CA, 90723 offers a 7.92% rental yield on a $449,000 purchase with $2,963/mo rent. Total monthly income registers $2,963/mo, and a $2,198/mo payment leaves $185/mo available for distribution. Annual cash flow reaches $2,220/yr on $148,844 to close, and return on cash invested stands at 21.4% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 110.87% and total cumulative return in cash at $165,016. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,963/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90723, Paramount, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,698 (100%) |
| Owner Occupied HU | 6,175 (42.0%) |
| Renter Occupied HU | 8,141 (55.4%) |
| Vacant Housing Units | 382 ( 2.6%) |
| Median Home Value | $572,421 |
| Average Home Value | $571,646 |
Housing Distribution
Address Breakdown
Residential
14,469
Single Family
9,603
Multi-Family
4,866
Businesses
2,120
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Listed by: Kenneth Lugo • Lugo Brothers RE
Mls Name: CRMLS
Mls ID: #PW25175126