424 Oak St UNIT 324GlendaleCA91204
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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 Glendale at 424 Oak St UNIT 324, Glendale, CA, 91204 generates $2,956/mo in rent, after a $2,912/mo payment. Total monthly income is $2,956/mo. Return on cash invested sits at 15.62% in year one, and rental yield is 5.96% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 79.8% and total cumulative return in cash sums $156,218. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,956/mo property income rather than buyer’s personal income.
Condo
Built in 1985
2.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91204, Glendale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,124 (100%) |
| Owner Occupied HU | 769 (10.8%) |
| Renter Occupied HU | 6,081 (85.4%) |
| Vacant Housing Units | 274 ( 3.8%) |
| Median Home Value | $835,119 |
| Average Home Value | $894,902 |
Housing Distribution
Address Breakdown
Residential
6,998
Single Family
2,106
Multi-Family
4,892
Businesses
1,661
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Listed by: Sebastian Kouladjian • Tunity Real Estate, Inc
Mls Name: CRMLS
Mls ID: #PF25247879