16402 Gridley RdNorwalkCA90650
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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 Norwalk at 16402 Gridley Rd, Norwalk, CA, 90650 earns from $4,145/mo rent with a $3,421/mo payment. Total monthly income totals $4,145/mo. ROI tracks 19.13% on current figures, and rental yield reads 7.12% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 98.62% and total cumulative return in cash sums $226,802. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,145/mo property income instead of your personal income.
Single Family
Built in 1959
5,027 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90650, Norwalk, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,334 (100%) |
| Owner Occupied HU | 17,909 (63.2%) |
| Renter Occupied HU | 9,746 (34.4%) |
| Vacant Housing Units | 679 ( 2.4%) |
| Median Home Value | $639,523 |
| Average Home Value | $676,088 |
Housing Distribution
Address Breakdown
Residential
27,633
Single Family
22,632
Multi-Family
5,001
Businesses
1,588
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Listed by: Kenji Inui • Solve Lending & Realty
Mls Name: CRMLS
Mls ID: #RS25200082