505 Palisade 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 505 Palisade St, Pasadena, CA, 91103 priced at $1,449,000 converts $6,038/mo rent into after a $7,092/mo obligation. Total monthly income equals $6,038/mo. Return on cash invested prints 12.89% in year one, and rental yield reads 5% against a $1,449,000 entry. Equity gained on principal adds $9,350/yr, while 5% annual appreciation compiles into $400,332 by year five. Five-year ROI reaches 65.11% and total cumulative return in cash sums $305,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,038/mo property income covering a $7,092/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
8,773 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: Steven Kuhn • COMPASS
Mls Name: CRMLS
Mls ID: #P1-23741