322 N Carmelo AvePasadenaCA91107
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Pasadena rental at 322 N Carmelo Ave, Pasadena, CA, 91107 sits in the solid-income band: 8.68% gross yield, $7,594/mo rent, $1,098/mo net after the $4,721/mo debt service, DSCR 1.61. Entry price of $1,050,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $290,096 and $9,671/yr in principal reduction bring total cumulative return to $468,849.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 5.0% |
| Monthly Cash Flow | $1,098 | $300 |
City averages based on Pasadena market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,594 |
| Total Monthly Debt Service | $6,078 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1918
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91107, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,032 (100%) |
| Owner Occupied HU | 7,722 (55.0%) |
| Renter Occupied HU | 5,537 (39.5%) |
| Vacant Housing Units | 773 ( 5.5%) |
| Median Home Value | $1,207,182 |
| Average Home Value | $1,300,880 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
10,845
Multi-Family
3,149
Businesses
1,694
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
Single Family
Built in 1918
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91107, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,032 (100%) |
| Owner Occupied HU | 7,722 (55.0%) |
| Renter Occupied HU | 5,537 (39.5%) |
| Vacant Housing Units | 773 ( 5.5%) |
| Median Home Value | $1,207,182 |
| Average Home Value | $1,300,880 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
10,845
Multi-Family
3,149
Businesses
1,694
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices