3037 E Merrygrove StWest CovinaCA91792
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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
Investment property for sale in West Covina at 3037 E Merrygrove St, West Covina, CA, 91792 offers a 8.55% rental yield on a $729,000 purchase with $5,196/mo rent. Total monthly income registers $5,196/mo, and a $3,568/mo payment leaves $686/mo available for distribution. Annual cash flow reaches $8,236/yr on $239,841 to close, and return on cash invested stands at 23.49% in year one. Equity gained on principal adds $4,704/yr while 5% annual appreciation supports $201,409 over five years. Portfolio math shows five-year ROI at 122.04% and total cumulative return in cash at $292,704. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,196/mo property income against a $3,568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
6,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91792, West Covina, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,631 (100%) |
| Owner Occupied HU | 5,213 (54.1%) |
| Renter Occupied HU | 4,186 (43.5%) |
| Vacant Housing Units | 232 ( 2.4%) |
| Median Home Value | $720,629 |
| Average Home Value | $736,589 |
Housing Distribution
Address Breakdown
Residential
9,458
Single Family
8,045
Multi-Family
1,413
Businesses
316
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Listed by: YUNTAO LISA GAO • 1000 Realty Corporation
Mls Name: CRMLS
Mls ID: #WS25189605