659 Vernon AveVeniceCA90291
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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
Rental property for sale in Venice at 659 Vernon Ave, Venice, CA, 90291 offers $8,654/mo rent that, after a $9,285/mo payment. Total monthly income is $8,654/mo. Return on cash invested measures 14.35% in year one, and rental yield stands at 5.47% at a $1,897,000 entry. Equity gained on principal adds $12,241/yr while 5% annual appreciation compounds into $524,106 by year five. Five-year ROI records 72.95% and total cumulative return in cash reaches $448,365. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,654/mo property income versus a $9,285/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
4,804 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90291, Venice, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,662 (100%) |
| Owner Occupied HU | 4,668 (28.0%) |
| Renter Occupied HU | 10,056 (60.4%) |
| Vacant Housing Units | 1,938 (11.6%) |
| Median Home Value | $1,996,664 |
| Average Home Value | $1,825,395 |
Housing Distribution
Address Breakdown
Residential
15,689
Single Family
9,601
Multi-Family
6,088
Businesses
1,190
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Listed by: Michael Irvine • Compass
Mls Name: CLAW
Mls ID: #25592813