409 Falcon PlCovinaCA91723
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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 Covina at 409 Falcon Pl, Covina, CA, 91723 offers a 6.49% rental yield on a $659,888 purchase with $3,569/mo rent. 22% in year one. Equity gained on principal adds $4,258/yr while 5% annual appreciation supports $182,315 over five years. Portfolio math shows five-year ROI at 88.4% and total cumulative return in cash at $191,926. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,569/mo property income against a $3,230/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2020
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91723, Covina, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,786 (100%) |
| Owner Occupied HU | 2,827 (41.7%) |
| Renter Occupied HU | 3,727 (54.9%) |
| Vacant Housing Units | 232 ( 3.4%) |
| Median Home Value | $729,791 |
| Average Home Value | $752,993 |
Housing Distribution
Address Breakdown
Residential
6,730
Single Family
4,568
Multi-Family
2,162
Businesses
1,353
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Listed by: Jovon Yanez • Nest Real Estate
Mls Name: CRMLS
Mls ID: #DW25197052