2018 Covington AveSimi ValleyCA93065
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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 Simi Valley at 2018 Covington Ave, Simi Valley, CA, 93065 at $699,900 posts ROI 14.72% with from $3,640/mo rent. Total monthly income equals $3,640/mo. Return on cash invested measures 14.72% and rental yield reads 6.24% at the current $699,900. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 by year five. Five-year ROI prints 75.62% and total cumulative return in cash totals $174,128. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,640/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1974
4,356 sqft lot
$N/A/sqft
$334 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93065, Simi Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,634 (100%) |
| Owner Occupied HU | 17,970 (70.1%) |
| Renter Occupied HU | 6,987 (27.3%) |
| Vacant Housing Units | 677 ( 2.6%) |
| Median Home Value | $844,784 |
| Average Home Value | $887,427 |
Housing Distribution
Address Breakdown
Residential
25,320
Single Family
23,251
Multi-Family
2,069
Businesses
1,888
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Listed by: Alex Gandel • Pinnacle Estate Properties, Inc.
Mls Name: CSMAOR
Mls Provider:
Mls ID: #225002020
Disclaimer: Based on information from the Conejo Simi Moorpark Association of REALTORS (alternatively, from the CSMAR MLS) as of 2025-04-24 13:58:28 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.