2972 Morningside DrThousand OaksCA91362
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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 Thousand Oaks at 2972 Morningside Dr, Thousand Oaks, CA, 91362 generates $4,440/mo in rent and, after a $2,912/mo payment, leaves $759/mo in cash flow. Total monthly income is $4,440/mo, and annual cash flow is $9,113/yr on $195,755 invested. Return on cash invested sits at 24.72% in year one, and rental yield is 8.95% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 128.59% and total cumulative return in cash sums $251,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91362, Thousand Oaks, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,063 (100%) |
| Owner Occupied HU | 9,673 (68.8%) |
| Renter Occupied HU | 3,884 (27.6%) |
| Vacant Housing Units | 506 ( 3.6%) |
| Median Home Value | $1,189,099 |
| Average Home Value | $1,279,451 |
Housing Distribution
Address Breakdown
Residential
14,085
Single Family
13,361
Multi-Family
724
Businesses
1,981
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Listed by: Larry Weiner • Flans & Weiner, Inc.
Mls Name: CRMLS
Mls ID: #SR25276870