20240 E Arrow Hwy APT DCovinaCA91724
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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 Covina at 20240 E Arrow Hwy APT D, Covina, CA, 91724 offers a 8.23% rental yield on a $599,000 purchase with $4,110/mo rent. Total monthly income registers $4,110/mo, and a $2,932/mo payment leaves $404/mo available for distribution. Annual cash flow reaches $4,851/yr on $197,071 to close, and return on cash invested stands at 22.52% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 116.83% and total cumulative return in cash at $230,242. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,110/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
4.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91724, Covina, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,322 (100%) |
| Owner Occupied HU | 6,184 (66.3%) |
| Renter Occupied HU | 2,858 (30.7%) |
| Vacant Housing Units | 280 ( 3.0%) |
| Median Home Value | $797,170 |
| Average Home Value | $821,273 |
Housing Distribution
Address Breakdown
Residential
8,807
Single Family
7,528
Multi-Family
1,279
Businesses
607
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Listed by: Shengli Ge • Pinnacle Real Estate Group
Mls Name: CRMLS
Mls ID: #TR25252207