2929 E Penny LnOntarioCA91761
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 2929 E Penny Ln, Ontario, CA, 91761 in Ontario offers a clean, manageable entry. Rental yield 7.18%. DSCR 1.33 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $215,472 in additional property value over five years, with $7,183/yr in principal equity building ownership stake. Total projected cumulative return: $285,559.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.0% |
| Monthly Cash Flow | $(314) | $1,500 |
City averages based on Ontario market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,667 |
| Total Monthly Debt Service | $4,514 |
| DSCR Ratio | 1.03x |
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.
Single Family
Built in 2020
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91761, Ontario, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,119 (100%) |
| Owner Occupied HU | 14,290 (67.7%) |
| Renter Occupied HU | 6,168 (29.2%) |
| Vacant Housing Units | 661 ( 3.1%) |
| Median Home Value | $621,461 |
| Average Home Value | $617,077 |
Housing Distribution
Address Breakdown
Residential
20,126
Single Family
18,300
Multi-Family
1,826
Businesses
3,899
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
Single Family
Built in 2020
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91761, Ontario, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,119 (100%) |
| Owner Occupied HU | 14,290 (67.7%) |
| Renter Occupied HU | 6,168 (29.2%) |
| Vacant Housing Units | 661 ( 3.1%) |
| Median Home Value | $621,461 |
| Average Home Value | $617,077 |
Housing Distribution
Address Breakdown
Residential
20,126
Single Family
18,300
Multi-Family
1,826
Businesses
3,899
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Omar Mayorga • RE/MAX MASTERS REALTY
Mls Name: CRMLS
Mls ID: #CV25266972