6232 Morse AveNorth HollywoodCA91606
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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 North Hollywood at 6232 Morse Ave, North Hollywood, CA, 91606 listed at $595,000 pairs $4,314/mo rent with a $2,912/mo payment to leave $633/mo cash flow. Total monthly income runs $4,314/mo, and annual cash flow reaches $7,601/yr on $195,755 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 8.7% at a $595,000 basis. Equity gained on principal adds $3,839/yr, and annual property appreciation at 5% supports $164,388 by year five. Five-year ROI tracks 124.44% and total cumulative return in cash totals $243,602. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,314/mo property income relative to a $2,912/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1964
6.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91606, North Hollywood, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,765 (100%) |
| Owner Occupied HU | 4,851 (28.9%) |
| Renter Occupied HU | 11,305 (67.4%) |
| Vacant Housing Units | 609 ( 3.6%) |
| Median Home Value | $862,027 |
| Average Home Value | $908,344 |
Housing Distribution
Address Breakdown
Residential
15,806
Single Family
8,106
Multi-Family
7,700
Businesses
1,038
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Listed by: Giovany Kirakossian • JohnHart Real Estate
Mls Name: CRMLS
Mls ID: #SR25218886