2941 Glenrose AveAltadenaCA91001
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingThere's a case for owning boring assets in strong markets. Rental yield 6.58%. It won't spike overnight, but it will produce quarter after quarter of U.S. dollar income with long-run appreciation. Ziffy Mortgage's DSCR loan removes U.S. income documentation barriers for non-residents. Five-year appreciation of $264,678 and $8,823/yr in equity build project total return of $319,790.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 5.8% |
| Monthly Cash Flow | $(675) | $1,200 |
City averages based on Altadena market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,251 |
| Total Monthly Debt Service | $5,545 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1925
7,673 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91001, Altadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,169 (100%) |
| Owner Occupied HU | 5,080 (70.9%) |
| Renter Occupied HU | 1,836 (25.6%) |
| Vacant Housing Units | 253 ( 3.5%) |
| Median Home Value | $1,143,490 |
| Average Home Value | $1,251,023 |
Housing Distribution
Address Breakdown
Residential
13,055
Single Family
12,289
Multi-Family
766
Businesses
464
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 1925
7,673 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91001, Altadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,169 (100%) |
| Owner Occupied HU | 5,080 (70.9%) |
| Renter Occupied HU | 1,836 (25.6%) |
| Vacant Housing Units | 253 ( 3.5%) |
| Median Home Value | $1,143,490 |
| Average Home Value | $1,251,023 |
Housing Distribution
Address Breakdown
Residential
13,055
Single Family
12,289
Multi-Family
766
Businesses
464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meredith McClain • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #P1-25614