240 W Queen St APT 4InglewoodCA90301
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 240 W Queen St APT 4, Inglewood, CA, 90301 in Inglewood: $4,872/mo in rent, $1,646/mo net, 12.47% gross yield, all on a $469,000 acquisition. The 2.31 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $129,576 in value, and $4,320/yr in principal paydown steadily builds equity. Projected total cumulative return: $285,191.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 5.0% |
| Monthly Cash Flow | $1,646 | $1,500 |
City averages based on Inglewood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,872 |
| Total Monthly Debt Service | $3,040 |
| DSCR Ratio | 1.60x |
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 1969
0.25 Acres lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90301, Inglewood, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,576 (100%) |
| Owner Occupied HU | 3,380 (24.9%) |
| Renter Occupied HU | 9,557 (70.4%) |
| Vacant Housing Units | 639 ( 4.7%) |
| Median Home Value | $774,168 |
| Average Home Value | $879,509 |
Housing Distribution
Address Breakdown
Residential
13,402
Single Family
5,897
Multi-Family
7,505
Businesses
1,582
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 1969
0.25 Acres lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90301, Inglewood, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,576 (100%) |
| Owner Occupied HU | 3,380 (24.9%) |
| Renter Occupied HU | 9,557 (70.4%) |
| Vacant Housing Units | 639 ( 4.7%) |
| Median Home Value | $774,168 |
| Average Home Value | $879,509 |
Housing Distribution
Address Breakdown
Residential
13,402
Single Family
5,897
Multi-Family
7,505
Businesses
1,582
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices