6103 Michelson StLakewoodCA90713
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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 Lakewood at 6103 Michelson St, Lakewood, CA, 90713 generates $6,118/mo in rent, after a $6,143/mo payment. Total monthly income is $6,118/mo. Return on cash invested sits at 15.51% in year one, and rental yield is 5.85% on a $1,255,000 entry. Equity gained on principal adds $8,098/yr, while 5% annual appreciation builds toward $346,733 over five years. Five-year ROI reaches 79.16% and total cumulative return in cash sums $321,875. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,118/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
5,449 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90713, Lakewood, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,673 (100%) |
| Owner Occupied HU | 7,701 (79.6%) |
| Renter Occupied HU | 1,756 (18.2%) |
| Vacant Housing Units | 216 ( 2.2%) |
| Median Home Value | $829,894 |
| Average Home Value | $857,964 |
Housing Distribution
Address Breakdown
Residential
9,784
Single Family
9,570
Multi-Family
214
Businesses
306
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Listed by: Catherine Gill • Spurling Group Realtors
Mls Name: CRMLS
Mls ID: #RS25218866