3220 Altura Ave APT 222GlendaleCA91214
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 3220 Altura Ave APT 222, Glendale, CA, 91214 in Glendale earns a 9.55% gross yield at $464,900. Rent of $3,701/mo nets $439/mo after the $2,090/mo mortgage. The 1.77 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $128,443 and $4,282/yr in equity accumulation project a total cumulative return of $206,265.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.5% |
| Monthly Cash Flow | $439 | $300 |
City averages based on Glendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,701 |
| Total Monthly Debt Service | $3,077 |
| DSCR Ratio | 1.20x |
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.
Condo
Built in 1977
2.13 Acres lot
$N/A/sqft
$375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91214, La Crescenta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,899 (100%) |
| Owner Occupied HU | 7,580 (69.5%) |
| Renter Occupied HU | 2,976 (27.3%) |
| Vacant Housing Units | 343 ( 3.1%) |
| Median Home Value | $1,121,355 |
| Average Home Value | $1,167,165 |
Housing Distribution
Address Breakdown
Residential
10,976
Single Family
9,135
Multi-Family
1,841
Businesses
743
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
Condo
Built in 1977
2.13 Acres lot
$N/A/sqft
$375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91214, La Crescenta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,899 (100%) |
| Owner Occupied HU | 7,580 (69.5%) |
| Renter Occupied HU | 2,976 (27.3%) |
| Vacant Housing Units | 343 ( 3.1%) |
| Median Home Value | $1,121,355 |
| Average Home Value | $1,167,165 |
Housing Distribution
Address Breakdown
Residential
10,976
Single Family
9,135
Multi-Family
1,841
Businesses
743
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices