2731 Erringer Rd APT 38Simi ValleyCA93065
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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 Simi Valley at 2731 Erringer Rd APT 38, Simi Valley, CA, 93065 generates $3,026/mo in rent, after a $2,692/mo payment. Total monthly income is $3,026/mo. Return on cash invested sits at 13.22% in year one, and rental yield is 6.6% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 68.52% and total cumulative return in cash sums $123,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,026/mo property income rather than buyer’s personal income.
Townhouse
Built in 1990
1,184 sqft lot
$N/A/sqft
$550 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93065, Simi Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,634 (100%) |
| Owner Occupied HU | 17,970 (70.1%) |
| Renter Occupied HU | 6,987 (27.3%) |
| Vacant Housing Units | 677 ( 2.6%) |
| Median Home Value | $844,784 |
| Average Home Value | $887,427 |
Housing Distribution
Address Breakdown
Residential
25,320
Single Family
23,251
Multi-Family
2,069
Businesses
1,888
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Listed by: Steven Rood • Beverlywood Estates
Mls Name: CLAW
Mls Provider:
Mls ID: #25530157
Disclaimer: 2025 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2025-04-29 18:02:28 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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.