1585 Loma DrOjaiCA93023
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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 1585 Loma Dr, Ojai, CA, 93023 generates $16,720/mo in rent and, after a $5,873/mo payment, leaves $9,297/mo in cash flow. Total monthly income is $16,720/mo, and annual cash flow is $111,564/yr on $388,800 invested. Return on cash invested sits at 49.06% in year one, and rental yield is 16.72% on a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 259.08% and total cumulative return in cash sums $1,007,303. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $16,720/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.50 Acres 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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Listed by: Hare and Associates • eXp Realty of Greater Los Angeles Inc.
Mls Name: CSMAOR
Mls Provider:
Mls ID: #225002136
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