16611 Shenandoah AveCerritosCA90703
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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 Cerritos at 16611 Shenandoah Ave, Cerritos, CA, 90703 uses $184,240 cash to close to unlock $980/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $3,546/mo, and a $2,741/mo payment keeps the spread at $82/mo. Purchase price stands at $560,000, and rental yield measures 7.6% with $3,546/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $154,718 over five years. Five-year ROI reaches 106.47% and total cumulative return in cash records $196,169. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,546/mo property income covering a $2,741/mo payment rather than investor’s personal income.
Condo
Built in 1973
7,173 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90703, Cerritos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,228 (100%) |
| Owner Occupied HU | 12,088 (74.5%) |
| Renter Occupied HU | 3,765 (23.2%) |
| Vacant Housing Units | 375 ( 2.3%) |
| Median Home Value | $910,757 |
| Average Home Value | $972,846 |
Housing Distribution
Address Breakdown
Residential
16,227
Single Family
15,582
Multi-Family
645
Businesses
2,049
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Listed by: Penny Giolli • Seven Gables Real Estate
Mls Name: CRMLS
Mls ID: #OC25199866