2608 Honolulu Ave #212MontroseCA91020
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2608 Honolulu Ave #212, Montrose, CA, 91020 in Montrose earns its strong cash-flow label: 10.22% yield, $7,739/mo rent, $1,666/mo net income, DSCR 1.89. The $909,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $251,140 by year five. Combined with $8,372/yr in principal paydown, total projected return reaches $453,832.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.0% |
| Monthly Cash Flow | $1,666 | $800 |
City averages based on Montrose market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,739 |
| Total Monthly Debt Service | $5,712 |
| DSCR Ratio | 1.35x |
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 2024
10,311 sqft lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91020, Montrose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,523 (100%) |
| Owner Occupied HU | 1,239 (35.2%) |
| Renter Occupied HU | 2,120 (60.2%) |
| Vacant Housing Units | 164 ( 4.7%) |
| Median Home Value | $1,033,054 |
| Average Home Value | $1,107,607 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
1,692
Multi-Family
1,700
Businesses
448
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 2024
10,311 sqft lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91020, Montrose, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,523 (100%) |
| Owner Occupied HU | 1,239 (35.2%) |
| Renter Occupied HU | 2,120 (60.2%) |
| Vacant Housing Units | 164 ( 4.7%) |
| Median Home Value | $1,033,054 |
| Average Home Value | $1,107,607 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
1,692
Multi-Family
1,700
Businesses
448
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices