248 W Loraine St UNIT 107GlendaleCA91202
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing248 W Loraine St UNIT 107, Glendale, CA, 91202 in Glendale is a stable, well-positioned rental at $699,000. Rental yield 6.86%. DSCR 1.27 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $193,121 in value and $6,438/yr in principal paydown builds equity, a total projected return of $243,909.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 6.5% |
| Monthly Cash Flow | $(329) | $300 |
City averages based on Glendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,995 |
| Total Monthly Debt Service | $4,046 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1982
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91202, Glendale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,243 (100%) |
| Owner Occupied HU | 3,789 (41.0%) |
| Renter Occupied HU | 5,070 (54.9%) |
| Vacant Housing Units | 384 ( 4.2%) |
| Median Home Value | $1,170,006 |
| Average Home Value | $1,225,873 |
Housing Distribution
Address Breakdown
Residential
9,164
Single Family
4,142
Multi-Family
5,022
Businesses
517
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 1982
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91202, Glendale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,243 (100%) |
| Owner Occupied HU | 3,789 (41.0%) |
| Renter Occupied HU | 5,070 (54.9%) |
| Vacant Housing Units | 384 ( 4.2%) |
| Median Home Value | $1,170,006 |
| Average Home Value | $1,225,873 |
Housing Distribution
Address Breakdown
Residential
9,164
Single Family
4,142
Multi-Family
5,022
Businesses
517
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martin Lazarian • JohnHart Real Estate
Mls Name: CRMLS
Mls ID: #GD25193415