412 E Newmark Ave APT DMonterey ParkCA91755
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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 Monterey Park at 412 E Newmark Ave APT D, Monterey Park, CA, 91755 priced at $525,000 converts $2,926/mo rent into after a $2,570/mo obligation. Total monthly income equals $2,926/mo. Return on cash invested prints 17.82% in year one, and rental yield reads 6.69% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 91.61% and total cumulative return in cash sums $158,229. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,926/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Condo
Built in 1972
1.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91755, Monterey Park, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,951 (100%) |
| Owner Occupied HU | 4,693 (47.2%) |
| Renter Occupied HU | 4,892 (49.2%) |
| Vacant Housing Units | 366 ( 3.7%) |
| Median Home Value | $862,990 |
| Average Home Value | $893,822 |
Housing Distribution
Address Breakdown
Residential
9,003
Single Family
5,878
Multi-Family
3,125
Businesses
391
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Listed by: Pamela Dao • Pamela Dao, Inc.
Mls Name: CRMLS
Mls ID: #CV25158124