3318 Prospect AveGlendaleCA91214
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.01% gross rental yield, 3318 Prospect Ave, Glendale, CA, 91214 in Glendale is priced for capital growth, not immediate cash flow. The $1,010,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $279,044 by year five, with $9,302/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.74) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $198,074.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 6.5% |
| Monthly Cash Flow | $(2,873) | $300 |
City averages based on Glendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,375 |
| Total Monthly Debt Service | $5,846 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1948
5,510 sqft lot
$N/A/sqft
No 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
Single Family
Built in 1948
5,510 sqft lot
$N/A/sqft
No 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
Listed by: Patricia Brauneisen • Realty One Group Success
Mls Name: CRMLS
Mls ID: #SR26008777