480 & 482 W Hammond StPasadenaCA91103
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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 Pasadena at 480 & 482 W Hammond St, Pasadena, CA, 91103 generates $5,988/mo in rent and, after a $4,351/mo payment, leaves $489/mo in cash flow. Total monthly income is $5,988/mo, and annual cash flow is $5,864/yr on $292,481 invested. Return on cash invested sits at 22.07% in year one, and rental yield is 8.08% on a $889,000 entry. Equity gained on principal adds $5,737/yr, while 5% annual appreciation builds toward $245,614 over five years. Five-year ROI reaches 114.36% and total cumulative return in cash sums $334,490. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,988/mo property income rather than buyer’s personal income.
Multi Family
Built in 1927
8,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91103, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,296 (100%) |
| Owner Occupied HU | 4,346 (42.2%) |
| Renter Occupied HU | 5,434 (52.8%) |
| Vacant Housing Units | 516 ( 5.0%) |
| Median Home Value | $1,022,006 |
| Average Home Value | $1,253,582 |
Housing Distribution
Address Breakdown
Residential
9,640
Single Family
7,352
Multi-Family
2,288
Businesses
766
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Listed by: Pete Whan • Pete Whan and Associates, Inc.
Mls Name: CRMLS
Mls ID: #P1-24033