216 N Fulton StOjaiCA93023
Nearby investment properties with comparable rents
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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 Ojai at 216 N Fulton St, Ojai, CA, 93023 priced at $1,025,000 converts $5,072/mo rent into after a $5,017/mo obligation. Total monthly income equals $5,072/mo. Return on cash invested prints 15.78% in year one, and rental yield reads 5.94% against a $1,025,000 entry. Equity gained on principal adds $6,614/yr, while 5% annual appreciation compiles into $283,189 by year five. Five-year ROI reaches 80.63% and total cumulative return in cash sums $267,784. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,072/mo property income covering a $5,017/mo payment, not borrower’s personal income.
Single Family
Built in 1938
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93023, Ojai, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,986 (100%) |
| Owner Occupied HU | 5,527 (61.5%) |
| Renter Occupied HU | 2,734 (30.4%) |
| Vacant Housing Units | 725 ( 8.1%) |
| Median Home Value | $991,071 |
| Average Home Value | $1,172,401 |
Housing Distribution
Address Breakdown
Residential
8,378
Single Family
8,081
Multi-Family
297
Businesses
693
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Listed by: Erik Wilde • LIV Sotheby's Ojai
Mls Name: Ojai Valley BOR
Mls ID: #224723