1640 Neil Armstrong St UNIT 306MontebelloCA90640
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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 Montebello at 1640 Neil Armstrong St UNIT 306, Montebello, CA, 90640 offers a 7.94% rental yield on a $574,900 purchase with $3,803/mo rent. Total monthly income registers $3,803/mo, and a $2,814/mo payment leaves $246/mo available for distribution. Annual cash flow reaches $2,957/yr on $189,142 to close, and return on cash invested stands at 21.62% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,834 over five years. Portfolio math shows five-year ROI at 112.01% and total cumulative return in cash at $211,851. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,803/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
4.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90640, Montebello, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,125 (100%) |
| Owner Occupied HU | 8,853 (44.0%) |
| Renter Occupied HU | 10,708 (53.2%) |
| Vacant Housing Units | 564 ( 2.8%) |
| Median Home Value | $746,193 |
| Average Home Value | $777,817 |
Housing Distribution
Address Breakdown
Residential
19,934
Single Family
12,949
Multi-Family
6,985
Businesses
2,394
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Listed by: Claudio Dasilva • Century 21 Realty Masters
Mls Name: CRMLS
Mls ID: #DW25155952