16511 Garfield Ave SPACE 45BParamountCA90723
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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 Paramount at 16511 Garfield Ave SPACE 45B, Paramount, CA, 90723 uses $86,190 cash to close to unlock $1,802/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $1,759/mo, and a $1,273/mo payment keeps the spread at $150/mo. Purchase price stands at $260,000, and rental yield measures 8.12% with $1,759/mo rent. Return on cash invested shows 22% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 114.09% and total cumulative return in cash records $98,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,759/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Manufactured
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90723, Paramount, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,698 (100%) |
| Owner Occupied HU | 6,175 (42.0%) |
| Renter Occupied HU | 8,141 (55.4%) |
| Vacant Housing Units | 382 ( 2.6%) |
| Median Home Value | $572,421 |
| Average Home Value | $571,646 |
Housing Distribution
Address Breakdown
Residential
14,469
Single Family
9,603
Multi-Family
4,866
Businesses
2,120
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Listed by: Lisa DiMercurio • eXp Realty of California, Inc.
Mls Name: CRMLS
Mls ID: #SB25265437