2231 Montrose Ave APT 2MontroseCA91020
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.67% yield at 2231 Montrose Ave APT 2, Montrose, CA, 91020 in Montrose is solid, but the $3,593/mo payment compresses net cash flow to $163/mo at $799,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $220,749 by year five, and $7,359/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.42) without U.S. income documentation. Total projected return: $313,443.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.0% |
| Monthly Cash Flow | $163 | $800 |
City averages based on Montrose market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,106 |
| Total Monthly Debt Service | $4,625 |
| DSCR Ratio | 1.10x |
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 1987
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91020, Montrose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,523 (100%) |
| Owner Occupied HU | 1,239 (35.2%) |
| Renter Occupied HU | 2,120 (60.2%) |
| Vacant Housing Units | 164 ( 4.7%) |
| Median Home Value | $1,033,054 |
| Average Home Value | $1,107,607 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
1,692
Multi-Family
1,700
Businesses
448
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 1987
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91020, Montrose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,523 (100%) |
| Owner Occupied HU | 1,239 (35.2%) |
| Renter Occupied HU | 2,120 (60.2%) |
| Vacant Housing Units | 164 ( 4.7%) |
| Median Home Value | $1,033,054 |
| Average Home Value | $1,107,607 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
1,692
Multi-Family
1,700
Businesses
448
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Schulman • Keller Williams Los Angeles
Mls Name: CLAW
Mls ID: #25591043