3358 Michigan Ave #ASouth GateCA90280
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 3358 Michigan Ave #A, South Gate, CA, 90280 in South Gate: $5,292/mo in rent, $436/mo in net income, 8.09% gross yield, 1.50 DSCR, all at $785,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $216,881 in appreciation and $7,230/yr in principal paydown projects total cumulative return of $325,730.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.5% |
| Monthly Cash Flow | $436 | $1,200 |
City averages based on South Gate market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,292 |
| Total Monthly Debt Service | $4,544 |
| DSCR Ratio | 1.16x |
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 1953
5,277 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90280, South Gate, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,581 (100%) |
| Owner Occupied HU | 11,237 (43.9%) |
| Renter Occupied HU | 13,777 (53.9%) |
| Vacant Housing Units | 567 ( 2.2%) |
| Median Home Value | $651,757 |
| Average Home Value | $758,319 |
Housing Distribution
Address Breakdown
Residential
24,607
Single Family
19,803
Multi-Family
4,804
Businesses
2,213
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 1953
5,277 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90280, South Gate, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,581 (100%) |
| Owner Occupied HU | 11,237 (43.9%) |
| Renter Occupied HU | 13,777 (53.9%) |
| Vacant Housing Units | 567 ( 2.2%) |
| Median Home Value | $651,757 |
| Average Home Value | $758,319 |
Housing Distribution
Address Breakdown
Residential
24,607
Single Family
19,803
Multi-Family
4,804
Businesses
2,213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices