247 E 97th StLos AngelesCA90003
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
Investment Highlights
Rental property for sale in Los Angeles at 247 E 97th St, Los Angeles, CA, 90003 generates $3,282/mo in rent, after a $2,687/mo payment. Total monthly income is $3,282/mo. Return on cash invested sits at 19.3% in year one, and rental yield is 7.17% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 99.55% and total cumulative return in cash sums $179,804. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,282/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
5,513 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90003, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,933 (100%) |
| Owner Occupied HU | 5,267 (29.4%) |
| Renter Occupied HU | 11,912 (66.4%) |
| Vacant Housing Units | 754 ( 4.2%) |
| Median Home Value | $624,005 |
| Average Home Value | $701,404 |
Housing Distribution
Address Breakdown
Residential
18,164
Single Family
14,509
Multi-Family
3,655
Businesses
1,640
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Noe Ramirez • Berkshire Hathaway HomeServices California Properties
Mls Name: CRMLS
Mls ID: #PW25240195