15224 Ocaso Ave #H211La MiradaCA90638
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 15224 Ocaso Ave #H211, La Mirada, CA, 90638 in La Mirada speaks for itself: 10.78% gross on a $399,900 price, generating $3,593/mo in rent and $715/mo in net income after the $1,798/mo debt service. DSCR 2.00, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,580 stacks alongside $110,485 in projected five-year appreciation and $3,683/yr in principal reduction. Projected total cumulative return: $199,453.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.5% |
| Monthly Cash Flow | $715 | $1,800 |
City averages based on La Mirada market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,593 |
| Total Monthly Debt Service | $2,719 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
7.15 Acres lot
$N/A/sqft
$310 monthly 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
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
Condo
Built in 1972
7.15 Acres lot
$N/A/sqft
$310 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices