582 Palm Dr APT 1GlendaleCA91202
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 582 Palm Dr APT 1, Glendale, CA, 91202 in Glendale achieves a 1.55 ratio at $699,000: $4,880/mo rent versus $3,143/mo debt service. Rental yield 8.38%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.38% yield compounds alongside 5% annual appreciation projecting $193,121 in value. Total projected cumulative return: $264,033.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.5% |
| Monthly Cash Flow | $(58) | $300 |
City averages based on Glendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,880 |
| Total Monthly Debt Service | $4,660 |
| DSCR Ratio | 1.05x |
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
8,366 sqft lot
$N/A/sqft
$480 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91202, Glendale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,243 (100%) |
| Owner Occupied HU | 3,789 (41.0%) |
| Renter Occupied HU | 5,070 (54.9%) |
| Vacant Housing Units | 384 ( 4.2%) |
| Median Home Value | $1,170,006 |
| Average Home Value | $1,225,873 |
Housing Distribution
Address Breakdown
Residential
9,164
Single Family
4,142
Multi-Family
5,022
Businesses
517
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
8,366 sqft lot
$N/A/sqft
$480 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91202, Glendale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,243 (100%) |
| Owner Occupied HU | 3,789 (41.0%) |
| Renter Occupied HU | 5,070 (54.9%) |
| Vacant Housing Units | 384 ( 4.2%) |
| Median Home Value | $1,170,006 |
| Average Home Value | $1,225,873 |
Housing Distribution
Address Breakdown
Residential
9,164
Single Family
4,142
Multi-Family
5,022
Businesses
517
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacqueline Tenerelli Asplund • Redfin Corporation
Mls Name: CRMLS
Mls Provider:
Mls ID: #PF25006095
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