16511 Garfield Ave SPACE B45ParamountCA90723
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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 B45, Paramount, CA, 90723 offers a 8.44% rental yield on a $281,800 purchase with $1,982/mo rent. Total monthly income registers $1,982/mo, and a $1,379/mo payment leaves $239/mo available for distribution. Annual cash flow reaches $2,868/yr on $93,417 to close, and return on cash invested stands at 22.98% in year one. Equity gained on principal adds $1,818/yr while 5% annual appreciation supports $77,856 over five years. Portfolio math shows five-year ROI at 119.27% and total cumulative return in cash at $111,418. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,982/mo property income against a $1,379/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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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