343 W Central Ave APT JMonroviaCA91016
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 343 W Central Ave APT J, Monrovia, CA, 91016 in Monrovia offers a clean, manageable entry. Rental yield 7.62%. DSCR 1.41 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $156,928 in additional property value over five years, with $5,231/yr in principal equity building ownership stake. Total projected cumulative return: $194,940.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 5.0% |
| Monthly Cash Flow | $(348) | $1,200 |
City averages based on Monrovia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,606 |
| Total Monthly Debt Service | $3,728 |
| DSCR Ratio | 0.97x |
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.
Condo
Built in 1989
0.82 Acres lot
$N/A/sqft
$440 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91016, Monrovia, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,018 (100%) |
| Owner Occupied HU | 7,649 (44.9%) |
| Renter Occupied HU | 8,261 (48.5%) |
| Vacant Housing Units | 1,108 ( 6.5%) |
| Median Home Value | $915,371 |
| Average Home Value | $992,236 |
Housing Distribution
Address Breakdown
Residential
16,245
Single Family
12,149
Multi-Family
4,096
Businesses
1,506
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 1989
0.82 Acres lot
$N/A/sqft
$440 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91016, Monrovia, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,018 (100%) |
| Owner Occupied HU | 7,649 (44.9%) |
| Renter Occupied HU | 8,261 (48.5%) |
| Vacant Housing Units | 1,108 ( 6.5%) |
| Median Home Value | $915,371 |
| Average Home Value | $992,236 |
Housing Distribution
Address Breakdown
Residential
16,245
Single Family
12,149
Multi-Family
4,096
Businesses
1,506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices