437 E Palm Ave APT 308BurbankCA91501
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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 437 E Palm Ave APT 308, Burbank, CA, 91501 generates $3,407/mo in rent, after a $3,475/mo payment. Total monthly income is $3,407/mo. Return on cash invested sits at 15% in year one, and rental yield is 5.76% on a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation builds toward $196,160 over five years. Five-year ROI reaches 76.47% and total cumulative return in cash sums $178,631. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,407/mo property income rather than buyer’s personal income.
Condo
Built in 1981
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91501, Burbank, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,821 (100%) |
| Owner Occupied HU | 2,828 (32.1%) |
| Renter Occupied HU | 5,593 (63.4%) |
| Vacant Housing Units | 400 ( 4.5%) |
| Median Home Value | $1,123,371 |
| Average Home Value | $1,206,507 |
Housing Distribution
Address Breakdown
Residential
8,709
Single Family
3,552
Multi-Family
5,157
Businesses
80
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Listed by: CONNIE OLAZABA • EXP REALTY OF SOUTHERN CALIFORNIA INC.
Mls Name: CRMLS
Mls ID: #IV25225181