15215 Magnolia Blvd UNIT 102, Sherman Oaks, CA, 91403 | $536/mo Cash Flow

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15215 Magnolia Blvd UNIT 102, Sherman Oaks, CA, 91403 | $536/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Sherman Oaks at 15215 Magnolia Blvd UNIT 102, Sherman Oaks, CA, 91403 listed at $625,000 pairs $4,402/mo rent with a $3,059/mo payment to leave $536/mo cash flow. Total monthly income runs $4,402/mo, and annual cash flow reaches $6,428/yr on $205,625 cash to close. Return on cash invested measures 23.19% in year one, and rental yield registers 8.45% at a $625,000 basis. Equity gained on principal adds $4,033/yr, and annual property appreciation at 5% supports $172,676 by year five. Five-year ROI tracks 120.38% and total cumulative return in cash totals $247,537. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,402/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1979

1.89 Acres lot

$N/A/sqft

No HOA

More details about the property

Desirable and unique Oak Point pet friendly community. Two bedrooms, with one full and one-half bath, plus a private master vanity dressing area. Tastefully remodeled throughout with high quality materials, including recessed lighting, a kitchen with custom cabinetry featuring quiet close hinges and drawers, granite counters with tile backsplash, stainless steel appliances, microwave hood and tile flooring. Fully remodeled powder room, bath vanities with granite counters, raised panel doors. Laminate flooring and hardwoods, with extra high base moldings. Other features include; loads of bedroom closet space with custom improvements as well as two first floor guest closets, gas fireplace, included washer/dryer set, direct access to subterranean garage parking and storage locker, private north facing balcony, windows with new custom shutters and sky lighted staircase. Community features include; pristine park-like grounds, multiple tennis courts, multiple pool and spas, sauna, and recreation room. Additionally, the HOA is earthquake insured. Lastly the property is conveniently located near the intersection of the 101 and 405 freeways, close to shopping, dining and entertainment centers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 91403, Sherman Oaks, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,899 (100%)
Owner Occupied HU	4,627 (42.5%)
Renter Occupied HU	5,680 (52.1%)
Vacant Housing Units	592 ( 5.4%)
Median Home Value	$1,549,484
Average Home Value	$1,559,920