311 N Lomita StBurbankCA91506
Nearby investment properties with comparable rents
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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 Burbank at 311 N Lomita St, Burbank, CA, 91506 priced at $1,550,000 converts $5,063/mo rent into after a $7,586/mo obligation. Total monthly income equals $5,063/mo. Return on cash invested prints 9.56% in year one, and rental yield reads 3.92% against a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation compiles into $428,236 by year five. Five-year ROI reaches 47.22% and total cumulative return in cash sums $237,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,063/mo property income covering a $7,586/mo payment, not borrower’s personal income.
Single Family
Built in 1938
6,766 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91506, Burbank, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,434 (100%) |
| Owner Occupied HU | 4,274 (50.7%) |
| Renter Occupied HU | 3,846 (45.6%) |
| Vacant Housing Units | 314 ( 3.7%) |
| Median Home Value | $1,082,195 |
| Average Home Value | $1,134,301 |
Housing Distribution
Address Breakdown
Residential
8,025
Single Family
6,074
Multi-Family
1,951
Businesses
911
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Listed by: Samuel Danielyan • JohnHart Real Estate
Mls Name: CRMLS
Mls ID: #SR25226263