217 S Marengo Ave UNIT 304PasadenaCA91101
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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 Pasadena at 217 S Marengo Ave UNIT 304, Pasadena, CA, 91101 generates $2,880/mo in rent, after a $3,030/mo payment. Total monthly income is $2,880/mo. Return on cash invested sits at 14.47% in year one, and rental yield is 5.58% on a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 73.62% and total cumulative return in cash sums $149,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Condo
Built in 2008
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91101, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,091 (100%) |
| Owner Occupied HU | 2,085 (17.2%) |
| Renter Occupied HU | 8,917 (73.7%) |
| Vacant Housing Units | 1,089 ( 9.0%) |
| Median Home Value | $825,284 |
| Average Home Value | $895,748 |
Housing Distribution
Address Breakdown
Residential
11,850
Single Family
2,228
Multi-Family
9,622
Businesses
2,027
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Listed by: Artin Sarkissian • The Art In Real Estate
Mls Name: CRMLS
Mls ID: #GD25246559