612 Via NovellaOak ParkCA91377
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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 Oak Park at 612 Via Novella, Oak Park, CA, 91377 offers $5,122/mo rent that, after a $3,323/mo payment, leaves $100/mo cash flow. Total monthly income is $5,122/mo, and annual cash flow is $1,200/yr on $223,391 cash. Return on cash invested measures 20.6% in year one, and rental yield stands at 9.05% at a $679,000 entry. Equity gained on principal adds $4,381/yr while 5% annual appreciation compounds into $187,595 by year five. Five-year ROI records 108.12% and total cumulative return in cash reaches $241,523. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,122/mo property income versus a $3,323/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1981
2,613 sqft lot
$N/A/sqft
$715 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91377, Oak Park, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,254 (100%) |
| Owner Occupied HU | 3,603 (68.6%) |
| Renter Occupied HU | 1,499 (28.5%) |
| Vacant Housing Units | 152 ( 2.9%) |
| Median Home Value | $1,098,861 |
| Average Home Value | $1,166,065 |
Housing Distribution
Address Breakdown
Residential
5,231
Single Family
4,403
Multi-Family
828
Businesses
70
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Listed by: Michael Rice • RE/MAX ONE
Mls Name: CSMAOR
Mls ID: #224003515