587 South St UNIT 18GlendaleCA91202
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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
Total monthly income runs $3,534/mo, and a $2,814/mo payment. Purchase price stands at $575,000, and rental yield measures 7.38% with $3,534/mo rent. Return on cash invested shows 19.92% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 102.86% and total cumulative return in cash records $194,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,534/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Condo
Built in 1960
0.48 Acres lot
$N/A/sqft
No 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
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Listed by: Andrea Megerdichian • LPT Realty
Mls Name: CRMLS
Mls ID: #GD25261722