4900 N Grand Ave APT 342CovinaCA91724
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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 342, Covina, CA, 91724 listed at $528,000 pairs $3,263/mo rent with a $2,584/mo payment. Total monthly income runs $3,263/mo. Return on cash invested measures 20.04% in year one, and rental yield registers 7.42% at a $528,000 basis. Equity gained on principal adds $3,407/yr, and annual property appreciation at 5% supports $145,877 by year five. Five-year ROI tracks 103.49% and total cumulative return in cash totals $179,775. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,263/mo property income relative to a $2,584/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
2.29 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: JOSEPH MARTINEZ • CENTURY 21 REALTY MASTERS
Mls Name: CRMLS
Mls ID: #MB25177123