15062 Neartree RdLa MiradaCA90638
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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 La Mirada at 15062 Neartree Rd, La Mirada, CA, 90638 uses $292,284 cash to close to unlock $14,319/yr annual cash flow and $1,193/mo monthly cash flow. Total monthly income runs $6,842/mo, and a $4,348/mo payment keeps the spread at $1,193/mo. Purchase price stands at $888,400, and rental yield measures 9.24% with $6,842/mo rent. Return on cash invested shows 24.96% in year one, and 5% annual appreciation builds toward $245,449 over five years. Five-year ROI reaches 130.12% and total cumulative return in cash records $380,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,842/mo property income covering a $4,348/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,338 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90638, La Mirada, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,509 (100%) |
| Owner Occupied HU | 11,667 (75.2%) |
| Renter Occupied HU | 3,462 (22.3%) |
| Vacant Housing Units | 380 ( 2.5%) |
| Median Home Value | $831,241 |
| Average Home Value | $862,187 |
Housing Distribution
Address Breakdown
Residential
15,226
Single Family
13,293
Multi-Family
1,933
Businesses
919
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Listed by: Karen Highstreet • COUNTRY CLUB REALTORS
Mls Name: CRMLS
Mls Provider:
Mls ID: #219118462DA
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-12 10:23:08 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information