656 Lemon LnCovinaCA91723
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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 Covina at 656 Lemon Ln, Covina, CA, 91723 with 5% annual appreciation on a $699,000 basis while $3,359/mo rent supports operations. 03% in year one. Equity gained on principal adds $4,511/yr, and five-year appreciation sums $193,121 alongside rental yield of 5.77%. Five-year ROI measures 76.63% and total cumulative return in cash totals $176,234. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,359/mo property income versus a $3,421/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2022
1,650 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91723, Covina, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,786 (100%) |
| Owner Occupied HU | 2,827 (41.7%) |
| Renter Occupied HU | 3,727 (54.9%) |
| Vacant Housing Units | 232 ( 3.4%) |
| Median Home Value | $729,791 |
| Average Home Value | $752,993 |
Housing Distribution
Address Breakdown
Residential
6,730
Single Family
4,568
Multi-Family
2,162
Businesses
1,353
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Listed by: SAWYER SHWETZ • MESA PROPERTIES INC.
Mls Name: CRMLS
Mls ID: #IV25189287