239 S Marengo Ave UNIT 203PasadenaCA91101
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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
Investment property for sale in Pasadena at 239 S Marengo Ave UNIT 203, Pasadena, CA, 91101 earns $114/mo cash flow from $5,675/mo rent with a $4,400/mo payment. Total monthly income totals $5,675/mo, and annual cash flow totals $1,365/yr on $295,771 capital. ROI tracks 20.52% on current figures, and rental yield reads 7.58% at a $899,000 purchase. Equity gained on principal adds $5,801/yr, and 5% annual appreciation supports $248,377 over five years. Five-year ROI reaches 106.09% and total cumulative return in cash sums $313,774. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,675/mo property income instead of your personal income.
Condo
Built in 2017
0.50 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: Max Pellegrini • Engel & Voelkers Pasadena
Mls Name: CRMLS
Mls ID: #P1-23367