540 Spring Rd APT 94MoorparkCA93021
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 540 Spring Rd APT 94, Moorpark, CA, 93021 in Moorpark at $515,000 earns $3,354/mo in rent and nets $168/mo after the $2,316/mo payment, a 7.82% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $142,285 over five years. Ziffy Mortgage underwrites this on a 1.45 DSCR without U.S. credit history. With $4,743/yr in principal paydown, total projected return reaches $206,085.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.0% |
| Monthly Cash Flow | $168 | $1,200 |
City averages based on Moorpark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,354 |
| Total Monthly Debt Service | $2,981 |
| DSCR Ratio | 1.13x |
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: Alan J Candelario • Better Homes and Gardens Real Estate Town Center
Mls Name: CSMAOR
Mls ID: #225005775