156 La Plaza WayOjaiCA93023
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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 Ojai at 156 La Plaza Way, Ojai, CA, 93023 offers $5,515/mo rent that, after a $1,187/mo payment, leaves $4,015/mo cash flow. Total monthly income is $5,515/mo, and annual cash flow is $48,177/yr on $80,389 cash. Return on cash invested measures 79.84% in year one, and rental yield stands at 27.29% at a $242,500 entry. Equity gained on principal adds $1,565/yr while 5% annual appreciation compounds into $66,998 by year five. Five-year ROI records 424.23% and total cumulative return in cash reaches $341,035. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,515/mo property income versus a $1,187/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93023, Ojai, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,986 (100%) |
| Owner Occupied HU | 5,527 (61.5%) |
| Renter Occupied HU | 2,734 (30.4%) |
| Vacant Housing Units | 725 ( 8.1%) |
| Median Home Value | $991,071 |
| Average Home Value | $1,172,401 |
Housing Distribution
Address Breakdown
Residential
8,378
Single Family
8,081
Multi-Family
297
Businesses
693
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Nearby investment properties with comparable prices
Listed by: Heather Erickson • Keller Williams W Ventura Cty
Mls Name: Ojai Valley BOR
Mls Provider:
Mls ID: #224247
Disclaimer: Based on information from the Ojai Valley Board of REALTORS as of 2024-02-12 14:06:22 PST. 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.