2386 E Del Mar Blvd UNIT 304PasadenaCA91107
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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 2386 E Del Mar Blvd UNIT 304, Pasadena, CA, 91107 generates $2,560/mo in rent, after a $2,100/mo payment. Total monthly income is $2,560/mo. Return on cash invested sits at 19.11% in year one, and rental yield is 7.16% on a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 98.57% and total cumulative return in cash sums $140,185. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,560/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91107, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,032 (100%) |
| Owner Occupied HU | 7,722 (55.0%) |
| Renter Occupied HU | 5,537 (39.5%) |
| Vacant Housing Units | 773 ( 5.5%) |
| Median Home Value | $1,207,182 |
| Average Home Value | $1,300,880 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
10,845
Multi-Family
3,149
Businesses
1,694
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Listed by: Jenan Musulli • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #P1-24135