540 Spring Rd APT 93MoorparkCA93021
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Moorpark rental at 540 Spring Rd APT 93, Moorpark, CA, 93021 sits in the solid-income band: 9.02% gross yield, $3,750/mo rent, $663/mo net after the $2,244/mo debt service, DSCR 1.67. Entry price of $499,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $137,865 and $4,596/yr in principal reduction bring total cumulative return to $231,887.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.0% |
| Monthly Cash Flow | $663 | $1,200 |
City averages based on Moorpark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,750 |
| Total Monthly Debt Service | $2,888 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1978
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93021, Moorpark, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,229 (100%) |
| Owner Occupied HU | 9,017 (73.7%) |
| Renter Occupied HU | 2,922 (23.9%) |
| Vacant Housing Units | 290 ( 2.4%) |
| Median Home Value | $906,829 |
| Average Home Value | $1,017,336 |
Housing Distribution
Address Breakdown
Residential
12,106
Single Family
11,210
Multi-Family
896
Businesses
801
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
Condo
Built in 1978
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93021, Moorpark, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,229 (100%) |
| Owner Occupied HU | 9,017 (73.7%) |
| Renter Occupied HU | 2,922 (23.9%) |
| Vacant Housing Units | 290 ( 2.4%) |
| Median Home Value | $906,829 |
| Average Home Value | $1,017,336 |
Housing Distribution
Address Breakdown
Residential
12,106
Single Family
11,210
Multi-Family
896
Businesses
801
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Ryan • eXp Realty of California Inc
Mls Name: CSMAOR
Mls ID: #225004268