1618 Parrot CtVenturaCA93003
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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 Ventura at 1618 Parrot Ct, Ventura, CA, 93003 generates $3,293/mo in rent and, after a $2,521/mo payment, leaves $107/mo in cash flow. Total monthly income is $3,293/mo, and annual cash flow is $1,282/yr on $169,435 invested. Return on cash invested sits at 20.82% in year one, and rental yield is 7.67% on a $514,999 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 107.67% and total cumulative return in cash sums $182,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,293/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93003, Ventura, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,290 (100%) |
| Owner Occupied HU | 11,092 (54.7%) |
| Renter Occupied HU | 8,269 (40.8%) |
| Vacant Housing Units | 929 ( 4.6%) |
| Median Home Value | $828,468 |
| Average Home Value | $871,937 |
Housing Distribution
Address Breakdown
Residential
19,951
Single Family
16,117
Multi-Family
3,834
Businesses
3,530
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Listed by: Kristina Kline • Home Grown Realty
Mls Name: CRMLS
Mls ID: #V1-32001