4808 Promenade StSimi ValleyCA93063
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Simi Valley at 4808 Promenade St, Simi Valley, CA, 93063 priced at $985,000 converts $5,248/mo rent into after a $4,821/mo obligation. Total monthly income equals $5,248/mo. Return on cash invested prints 16.58% in year one, and rental yield reads 6.39% against a $985,000 entry. Equity gained on principal adds $6,356/yr, while 5% annual appreciation compiles into $272,137 by year five. Five-year ROI reaches 85.09% and total cumulative return in cash sums $275,746. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,248/mo property income covering a $4,821/mo payment, not borrower’s personal income.
Single Family
Built in 2000
3,920 sqft lot
$N/A/sqft
$94 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93063, Simi Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,167 (100%) |
| Owner Occupied HU | 14,086 (69.8%) |
| Renter Occupied HU | 5,428 (26.9%) |
| Vacant Housing Units | 653 ( 3.2%) |
| Median Home Value | $816,433 |
| Average Home Value | $833,434 |
Housing Distribution
Address Breakdown
Residential
19,347
Single Family
17,734
Multi-Family
1,613
Businesses
1,015
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