4900 N Grand Ave APT 104CovinaCA91724
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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
Investment property for sale in Covina at 4900 N Grand Ave APT 104, Covina, CA, 91724 uses $171,409 cash to close to unlock $2,292/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $3,414/mo, and a $2,550/mo payment keeps the spread at $191/mo. Purchase price stands at $521,000, and rental yield measures 7.86% with $3,414/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $143,943 over five years. Five-year ROI reaches 110.81% and total cumulative return in cash records $189,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,414/mo property income covering a $2,550/mo payment rather than investor’s personal income.
Condo
Built in 1984
2.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91724, Covina, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,322 (100%) |
| Owner Occupied HU | 6,184 (66.3%) |
| Renter Occupied HU | 2,858 (30.7%) |
| Vacant Housing Units | 280 ( 3.0%) |
| Median Home Value | $797,170 |
| Average Home Value | $821,273 |
Housing Distribution
Address Breakdown
Residential
8,807
Single Family
7,528
Multi-Family
1,279
Businesses
607
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Listed by: Elvis Ortiz-Wayland • RE/MAX TIME REALTY
Mls Name: CRMLS
Mls ID: #CV25249356