309 N Palm AveAlhambraCA91801
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 309 N Palm Ave, Alhambra, CA, 91801 in Alhambra offers a clean, manageable entry. Rental yield 6.39%. DSCR 1.18 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $405,581 in additional property value over five years, with $13,520/yr in principal equity building ownership stake. Total projected cumulative return: $475,261.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 5.2% |
| Monthly Cash Flow | $(1,264) | $1,500 |
City averages based on Alhambra market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,817 |
| Total Monthly Debt Service | $8,497 |
| DSCR Ratio | 0.92x |
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.
Multi Family
Built in 1931
7,604 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91801, Alhambra, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,365 (100%) |
| Owner Occupied HU | 6,865 (32.1%) |
| Renter Occupied HU | 13,496 (63.2%) |
| Vacant Housing Units | 1,004 ( 4.7%) |
| Median Home Value | $891,459 |
| Average Home Value | $974,302 |
Housing Distribution
Address Breakdown
Residential
21,119
Single Family
11,464
Multi-Family
9,655
Businesses
1,385
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
Multi Family
Built in 1931
7,604 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91801, Alhambra, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,365 (100%) |
| Owner Occupied HU | 6,865 (32.1%) |
| Renter Occupied HU | 13,496 (63.2%) |
| Vacant Housing Units | 1,004 ( 4.7%) |
| Median Home Value | $891,459 |
| Average Home Value | $974,302 |
Housing Distribution
Address Breakdown
Residential
21,119
Single Family
11,464
Multi-Family
9,655
Businesses
1,385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices