3191 Kelp LnOxnardCA93035
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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 Oxnard at 3191 Kelp Ln, Oxnard, CA, 93035 offers a 8.44% rental yield on a $559,000 purchase with $3,931/mo rent. Total monthly income registers $3,931/mo, and a $2,736/mo payment leaves $473/mo available for distribution. Annual cash flow reaches $5,675/yr on $183,911 to close, and return on cash invested stands at 23.15% in year one. Equity gained on principal adds $3,607/yr while 5% annual appreciation supports $154,441 over five years. Portfolio math shows five-year ROI at 120.16% and total cumulative return in cash at $220,983. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,931/mo property income against a $2,736/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93035, Oxnard, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,341 (100%) |
| Owner Occupied HU | 6,377 (51.7%) |
| Renter Occupied HU | 3,956 (32.1%) |
| Vacant Housing Units | 2,008 (16.3%) |
| Median Home Value | $864,860 |
| Average Home Value | $1,030,654 |
Housing Distribution
Address Breakdown
Residential
11,612
Single Family
10,235
Multi-Family
1,377
Businesses
219
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Listed by: Natalie Oman • BHHS California Properties
Mls Name: CRMLS
Mls ID: #V1-32175