365 W Alameda Ave APT 304BurbankCA91506
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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
Investment Highlights
Rental property for sale in Burbank at 365 W Alameda Ave APT 304, Burbank, CA, 91506 generates $3,701/mo in rent, after a $3,230/mo payment. Total monthly income is $3,701/mo. Return on cash invested sits at 17.95% in year one, and rental yield is 6.73% on a $660,000 entry. Equity gained on principal adds $4,259/yr, while 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 92.32% and total cumulative return in cash sums $200,457. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,701/mo property income rather than buyer’s personal income.
Condo
Built in 1981
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91506, Burbank, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,434 (100%) |
| Owner Occupied HU | 4,274 (50.7%) |
| Renter Occupied HU | 3,846 (45.6%) |
| Vacant Housing Units | 314 ( 3.7%) |
| Median Home Value | $1,082,195 |
| Average Home Value | $1,134,301 |
Housing Distribution
Address Breakdown
Residential
8,025
Single Family
6,074
Multi-Family
1,951
Businesses
911
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Listed by: Ted Alcantara • eXp Realty of Greater Los Angeles
Mls Name: CLAW
Mls ID: #25569293