6342 Morse Ave APT 207North 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 6342 Morse Ave APT 207, North Hollywood, CA, 91606 uses $165,750 cash to close to unlock $746/yr annual cash flow and $62/mo monthly cash flow. Total monthly income runs $3,155/mo, and a $2,447/mo payment keeps the spread at $62/mo. Purchase price stands at $500,000, and rental yield measures 7.57% with $3,155/mo rent. Return on cash invested shows 20.36% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 105.26% and total cumulative return in cash records $174,476. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,155/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Condo
Built in 1964
N/A 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: Eugene Solonin • Elite Realty Services Group
Mls Name: CRMLS
Mls ID: #SR25227177