312 E Matilija StOjaiCA93023
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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 Ojai at 312 E Matilija St, Ojai, CA, 93023 priced at $1,079,000 converts $8,833/mo rent into $1,989/mo cash flow after a $5,281/mo obligation. Total monthly income equals $8,833/mo, and annual cash flow totals $23,871/yr on $349,596 invested. Return on cash invested prints 27.2% in year one, and rental yield reads 9.82% against a $1,079,000 entry. Equity gained on principal adds $6,963/yr, while 5% annual appreciation compiles into $298,108 by year five. Five-year ROI reaches 142.04% and total cumulative return in cash sums $496,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,833/mo property income covering a $5,281/mo payment, not borrower’s personal income.
Single Family
Built in 1957
8,725 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93023, Ojai, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,986 (100%) |
| Owner Occupied HU | 5,527 (61.5%) |
| Renter Occupied HU | 2,734 (30.4%) |
| Vacant Housing Units | 725 ( 8.1%) |
| Median Home Value | $991,071 |
| Average Home Value | $1,172,401 |
Housing Distribution
Address Breakdown
Residential
8,378
Single Family
8,081
Multi-Family
297
Businesses
693
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Listed by: Charleen Michaels • Keller Williams W Ventura Cty
Mls Name: Ojai Valley BOR
Mls Provider:
Mls ID: #224194
Disclaimer: Based on information from the Ojai Valley Board of REALTORS as of 2024-02-12 14:06:22 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.