161 La Plaza Way #161OjaiCA93023
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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
Investment property for sale in Ojai at 161 La Plaza Way #161, Ojai, CA, 93023 listed at $289,000 pairs $2,030/mo rent with a $1,415/mo payment to leave $242/mo cash flow. Total monthly income runs $2,030/mo, and annual cash flow reaches $2,900/yr on $95,804 cash to close. Return on cash invested measures 22.94% in year one, and rental yield registers 8.43% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 119.08% and total cumulative return in cash totals $114,086. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,030/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1970
2,000 sqft 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: Ann Marie Parent • LIV Sothebys Ojai
Mls Name: CRMLS
Mls ID: #V1-33994