2554 Olive Dr APT 38PalmdaleCA93550
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
Investment property for sale in Palmdale at 2554 Olive Dr APT 38, Palmdale, CA, 93550 uses $98,621 cash to close to unlock $7,653/yr annual cash flow and $638/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $1,456/mo payment keeps the spread at $638/mo. Purchase price stands at $297,500, and rental yield measures 10% with $2,478/mo rent. Return on cash invested shows 27.67% in year one, and 5% annual appreciation builds toward $82,194 over five years. Five-year ROI reaches 144.45% and total cumulative return in cash records $142,459. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $1,456/mo payment rather than investor’s personal income.
Condo
Built in 1986
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93550, Palmdale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,509 (100%) |
| Owner Occupied HU | 12,705 (51.8%) |
| Renter Occupied HU | 10,969 (44.8%) |
| Vacant Housing Units | 835 ( 3.4%) |
| Median Home Value | $366,064 |
| Average Home Value | $444,424 |
Housing Distribution
Address Breakdown
Residential
23,372
Single Family
19,165
Multi-Family
4,207
Businesses
1,540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raquel Magro • Pinnacle Estate Prop. Inc.
Mls Name: GAVAR
Mls Provider:
Mls ID: #25004505
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.