1615 Barnes StSimi ValleyCA93063
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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 Simi Valley at 1615 Barnes St, Simi Valley, CA, 93063 offers a 5.7% rental yield on a $839,000 purchase with $3,986/mo rent. 83% in year one. Equity gained on principal adds $5,414/yr while 5% annual appreciation supports $231,800 over five years. Portfolio math shows five-year ROI at 75.56% and total cumulative return in cash at $208,572. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,986/mo property income against a $4,106/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93063, Simi Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,167 (100%) |
| Owner Occupied HU | 14,086 (69.8%) |
| Renter Occupied HU | 5,428 (26.9%) |
| Vacant Housing Units | 653 ( 3.2%) |
| Median Home Value | $816,433 |
| Average Home Value | $833,434 |
Housing Distribution
Address Breakdown
Residential
19,347
Single Family
17,734
Multi-Family
1,613
Businesses
1,015
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Listed by: Lucy Loya • RE/MAX One
Mls Name: CRMLS
Mls ID: #SR25136133