621 E Olive Ave APT 106BurbankCA91501
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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
Investment property for sale in Burbank at 621 E Olive Ave APT 106, Burbank, CA, 91501 uses $261,522 cash to close to unlock $6,015/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $5,419/mo, and a $3,891/mo payment keeps the spread at $501/mo. Purchase price stands at $794,900, and rental yield measures 8.18% with $5,419/mo rent. Return on cash invested shows 22.36% in year one, and 5% annual appreciation builds toward $219,616 over five years. Five-year ROI reaches 115.96% and total cumulative return in cash records $303,254. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,419/mo property income covering a $3,891/mo payment rather than investor’s personal income.
Townhouse
Built in 2003
6,838 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91501, Burbank, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,821 (100%) |
| Owner Occupied HU | 2,828 (32.1%) |
| Renter Occupied HU | 5,593 (63.4%) |
| Vacant Housing Units | 400 ( 4.5%) |
| Median Home Value | $1,123,371 |
| Average Home Value | $1,206,507 |
Housing Distribution
Address Breakdown
Residential
8,709
Single Family
3,552
Multi-Family
5,157
Businesses
80
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Listed by: Tiffany Dalgic • Coldwell Banker Realty
Mls Name: CLAW
Mls ID: #25628921