408 Canada StOjaiCA93023
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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
Investment property for sale in Ojai at 408 Canada St, Ojai, CA, 93023 with 5% annual appreciation on a $1,795,000 basis while $7,487/mo rent supports operations. 91% in year one. Equity gained on principal adds $11,583/yr, and five-year appreciation sums $495,925 alongside rental yield of 5.01%. Five-year ROI measures 65.19% and total cumulative return in cash totals $379,105. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,487/mo property income versus a $8,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93023, Ojai, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,986 (100%) |
| Owner Occupied HU | 5,527 (61.5%) |
| Renter Occupied HU | 2,734 (30.4%) |
| Vacant Housing Units | 725 ( 8.1%) |
| Median Home Value | $991,071 |
| Average Home Value | $1,172,401 |
Housing Distribution
Address Breakdown
Residential
8,378
Single Family
8,081
Multi-Family
297
Businesses
693
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Listed by: Erik Wilde • LIV Sotheby's Ojai
Mls Name: Ojai Valley BOR
Mls ID: #225015