17024 Sherman WayVan NuysCA91406
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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
Rental property for sale in Van Nuys at 17024 Sherman Way, Van Nuys, CA, 91406 generates $5,038/mo in rent, after a $6,363/mo payment. Total monthly income is $5,038/mo. Return on cash invested sits at 11.81% in year one, and rental yield is 4.65% on a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation builds toward $359,166 over five years. Five-year ROI reaches 59.31% and total cumulative return in cash sums $249,819. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,038/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
9,422 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91406, Van Nuys, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,479 (100%) |
| Owner Occupied HU | 7,664 (37.4%) |
| Renter Occupied HU | 11,988 (58.5%) |
| Vacant Housing Units | 827 ( 4.0%) |
| Median Home Value | $835,477 |
| Average Home Value | $866,901 |
Housing Distribution
Address Breakdown
Residential
19,272
Single Family
9,653
Multi-Family
9,619
Businesses
2,479
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Listed by: Haik Bokhchalian • JohnHart Real Estate
Mls Name: CRMLS
Mls ID: #SR25183068