6342 Morse Ave APT 102North HollywoodCA91606
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.31% yield at 6342 Morse Ave APT 102, North Hollywood, CA, 91606 in North Hollywood is solid, but the $1,884/mo payment compresses net cash flow to $82/mo at $419,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $115,762 by year five, and $3,859/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.73) without U.S. income documentation. Total projected return: $166,653.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $82 | $1,500 |
City averages based on North Hollywood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,250 |
| Total Monthly Debt Service | $3,001 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1964
6.40 Acres lot
$N/A/sqft
$576 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1964
6.40 Acres lot
$N/A/sqft
$576 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices