16255 Devonshire St UNIT 5Granada HillsCA91344
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.66, 16255 Devonshire St UNIT 5, Granada Hills, CA, 91344 in Granada Hills sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 8.96%. The 8.96% yield is backed by 5% annual appreciation projecting $137,588 in value gain, plus $4,587/yr in principal reduction. Total projected cumulative return: $190,914.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.5% |
| Monthly Cash Flow | $(11) | $300 |
City averages based on Granada Hills market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,716 |
| Total Monthly Debt Service | $3,530 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1979
3.58 Acres lot
$N/A/sqft
$647 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91344, Granada Hills, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,224 (100%) |
| Owner Occupied HU | 12,363 (71.8%) |
| Renter Occupied HU | 4,369 (25.4%) |
| Vacant Housing Units | 492 ( 2.9%) |
| Median Home Value | $884,742 |
| Average Home Value | $952,459 |
Housing Distribution
Address Breakdown
Residential
17,450
Single Family
15,271
Multi-Family
2,179
Businesses
887
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1979
3.58 Acres lot
$N/A/sqft
$647 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91344, Granada Hills, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,224 (100%) |
| Owner Occupied HU | 12,363 (71.8%) |
| Renter Occupied HU | 4,369 (25.4%) |
| Vacant Housing Units | 492 ( 2.9%) |
| Median Home Value | $884,742 |
| Average Home Value | $952,459 |
Housing Distribution
Address Breakdown
Residential
17,450
Single Family
15,271
Multi-Family
2,179
Businesses
887
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lawrence Mann • eXp Realty of Greater Los Angeles
Mls Name: CLAW
Mls Provider:
Mls ID: #25525785
Disclaimer: 2025 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2025-04-24 18:22:48 PDT. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.