2038 Tulip AveSimi ValleyCA93063
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 2038 Tulip Ave, Simi Valley, CA, 93063 in Simi Valley delivers $5,695/mo in gross rent and $880/mo in net monthly income at a $719,100 entry. The 9.5% yield and 1.76 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $198,674 over five years and $6,623/yr in equity from loan paydown, total projected return is $330,862.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.5% |
| Monthly Cash Flow | $880 | $200 |
City averages based on Simi Valley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,695 |
| Total Monthly Debt Service | $4,529 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
3,257 sqft lot
$N/A/sqft
$367 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93063, Simi Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,167 (100%) |
| Owner Occupied HU | 14,086 (69.8%) |
| Renter Occupied HU | 5,428 (26.9%) |
| Vacant Housing Units | 653 ( 3.2%) |
| Median Home Value | $816,433 |
| Average Home Value | $833,434 |
Housing Distribution
Address Breakdown
Residential
19,347
Single Family
17,734
Multi-Family
1,613
Businesses
1,015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2002
3,257 sqft lot
$N/A/sqft
$367 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93063, Simi Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,167 (100%) |
| Owner Occupied HU | 14,086 (69.8%) |
| Renter Occupied HU | 5,428 (26.9%) |
| Vacant Housing Units | 653 ( 3.2%) |
| Median Home Value | $816,433 |
| Average Home Value | $833,434 |
Housing Distribution
Address Breakdown
Residential
19,347
Single Family
17,734
Multi-Family
1,613
Businesses
1,015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices