604 E Lemon AveMonroviaCA91016
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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
Rental property for sale in Monrovia at 604 E Lemon Ave, Monrovia, CA, 91016 priced at $950,000 converts $3,150/mo rent into after a $4,650/mo obligation. Total monthly income equals $3,150/mo. Return on cash invested prints 9.59% in year one, and rental yield reads 3.98% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 47.46% and total cumulative return in cash sums $148,334. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,150/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Multi Family
Built in 1912
7,790 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91016, Monrovia, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,018 (100%) |
| Owner Occupied HU | 7,649 (44.9%) |
| Renter Occupied HU | 8,261 (48.5%) |
| Vacant Housing Units | 1,108 ( 6.5%) |
| Median Home Value | $915,371 |
| Average Home Value | $992,236 |
Housing Distribution
Address Breakdown
Residential
16,245
Single Family
12,149
Multi-Family
4,096
Businesses
1,506
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Listed by: Elma Pulido • Casa Bella Realty Group
Mls Name: CRMLS
Mls ID: #SB25200177