239 S Marengo Ave #106PasadenaCA91105
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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
Total monthly income runs $4,922/mo, and a $4,405/mo payment. Purchase price stands at $900,000, and rental yield measures 6.56% with $4,922/mo rent. Return on cash invested shows 17.44% in year one, and 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 89.59% and total cumulative return in cash records $265,272. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,922/mo property income covering a $4,405/mo payment rather than investor’s personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91105, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,212 (100%) |
| Owner Occupied HU | 3,775 (52.3%) |
| Renter Occupied HU | 2,956 (41.0%) |
| Vacant Housing Units | 481 ( 6.7%) |
| Median Home Value | $1,606,126 |
| Average Home Value | $1,616,411 |
Housing Distribution
Address Breakdown
Residential
6,607
Single Family
3,772
Multi-Family
2,835
Businesses
1,300
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Listed by: Max Pellegrini • Engel & Voelkers Pasadena
Mls Name: CRMLS
Mls ID: #P1-25329