15231 Magnolia Blvd UNIT 221Sherman OaksCA91403
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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
Rental property for sale in Sherman Oaks at 15231 Magnolia Blvd UNIT 221, Sherman Oaks, CA, 91403 generates $4,201/mo in rent and, after a $2,932/mo payment, leaves $495/mo in cash flow. Total monthly income is $4,201/mo, and annual cash flow is $5,943/yr on $197,071 invested. Return on cash invested sits at 23.08% in year one, and rental yield is 8.42% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 119.8% and total cumulative return in cash sums $236,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,201/mo property income rather than buyer’s personal income.
Condo
Built in 1979
3.13 Acres lot
$N/A/sqft
No 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
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Listed by: Rosanne Lehmann • Keller Williams VIP Properties
Mls Name: CRMLS
Mls ID: #SR26001260