2913 Illinois AveSouth GateCA90280
Nearby investment properties with comparable rents
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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 South Gate at 2913 Illinois Ave, South Gate, CA, 90280 offers $2,125/mo rent that, after a $4,004/mo payment. Total monthly income is $2,125/mo. Return on cash invested measures 6.97% in year one, and rental yield stands at 3.12% at a $818,000 entry. Equity gained on principal adds $5,278/yr while 5% annual appreciation compounds into $225,998 by year five. Five-year ROI records 33.42% and total cumulative return in cash reaches $89,947. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,125/mo property income versus a $4,004/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1948
5,379 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90280, South Gate, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,581 (100%) |
| Owner Occupied HU | 11,237 (43.9%) |
| Renter Occupied HU | 13,777 (53.9%) |
| Vacant Housing Units | 567 ( 2.2%) |
| Median Home Value | $651,757 |
| Average Home Value | $758,319 |
Housing Distribution
Address Breakdown
Residential
24,607
Single Family
19,803
Multi-Family
4,804
Businesses
2,213
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Listed by: Jagmeet Singh • Keller Williams - Eagle Rock
Mls Name: CRMLS
Mls ID: #AR25277022