5806 Waring Ave APT 5Los AngelesCA90038
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder5806 Waring Ave APT 5, Los Angeles, CA, 90038 in Los Angeles is a stable, well-positioned rental at $898,000. Rental yield 7.06%. DSCR 1.31 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $248,101 in value and $8,271/yr in principal paydown builds equity, a total projected return of $270,268.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 4.1% |
| Monthly Cash Flow | $(1,150) | $1,850 |
City averages based on Los Angeles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,282 |
| Total Monthly Debt Service | $6,075 |
| DSCR Ratio | 0.87x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2007
0.29 Acres lot
$N/A/sqft
$375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90038, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,623 (100%) |
| Owner Occupied HU | 1,163 ( 7.4%) |
| Renter Occupied HU | 12,983 (83.1%) |
| Vacant Housing Units | 1,477 ( 9.5%) |
| Median Home Value | $1,256,098 |
| Average Home Value | $1,319,922 |
Housing Distribution
Address Breakdown
Residential
14,572
Single Family
5,034
Multi-Family
9,538
Businesses
1,235
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 2007
0.29 Acres lot
$N/A/sqft
$375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90038, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,623 (100%) |
| Owner Occupied HU | 1,163 ( 7.4%) |
| Renter Occupied HU | 12,983 (83.1%) |
| Vacant Housing Units | 1,477 ( 9.5%) |
| Median Home Value | $1,256,098 |
| Average Home Value | $1,319,922 |
Housing Distribution
Address Breakdown
Residential
14,572
Single Family
5,034
Multi-Family
9,538
Businesses
1,235
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices