490 Palisade StPasadenaCA91103
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play490 Palisade St, Pasadena, CA, 91103 in Pasadena is priced for appreciation, not yield. Rental yield 3.15%. At $1,395,000 with a 3.15% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $385,413 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.58) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $209,166.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 5.0% |
| Monthly Cash Flow | $(4,970) | $300 |
City averages based on Pasadena market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,660 |
| Total Monthly Debt Service | $8,075 |
| DSCR Ratio | 0.45x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1959
8,526 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
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
Multi Family
Built in 1959
8,526 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rudy Felix • VIP RE Firm
Mls Name: CRMLS
Mls ID: #DW25200477