577 Spring Rd APT 54MoorparkCA93021
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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 Moorpark at 577 Spring Rd APT 54, Moorpark, CA, 93021 offers a 8.77% rental yield on a $528,000 purchase with $3,860/mo rent. Total monthly income registers $3,860/mo, and a $2,584/mo payment leaves $149/mo available for distribution. Annual cash flow reaches $1,788/yr on $173,712 to close, and return on cash invested stands at 21.09% in year one. Equity gained on principal adds $3,407/yr while 5% annual appreciation supports $145,877 over five years. Portfolio math shows five-year ROI at 110.24% and total cumulative return in cash at $191,499. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,860/mo property income against a $2,584/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
3,049 sqft lot
$N/A/sqft
$445 monthly 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
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Listed by: Gary Jacobs • RE/MAX ONE
Mls Name: CSMAOR
Mls Provider:
Mls ID: #225003527
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