15231 Magnolia Blvd UNIT 216Sherman OaksCA91403
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 15231 Magnolia Blvd UNIT 216, Sherman Oaks, CA, 91403 in Sherman Oaks. At $685,000 it earns $5,358/mo in rent and distributes $596/mo to the owner after the $3,080/mo payment, a consistent 9.39% yield. DSCR 1.74 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $189,253 in value; $6,309/yr in principal paydown compounds ownership stake. Total projected return: $300,452.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 5.0% |
| Monthly Cash Flow | $596 | $1,200 |
City averages based on Sherman Oaks market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,358 |
| Total Monthly Debt Service | $4,489 |
| DSCR Ratio | 1.19x |
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 1979
3 Acres lot
$N/A/sqft
$524 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,190
Single Family
4,689
Multi-Family
7,501
Businesses
1,370
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 1979
3 Acres lot
$N/A/sqft
$524 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,190
Single Family
4,689
Multi-Family
7,501
Businesses
1,370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices