6601 Springpark Ave APT 9Los AngelesCA90056
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 6601 Springpark Ave APT 9, Los Angeles, CA, 90056 in Los Angeles at $679,000. Rental yield 6.68%. The 6.68% yield and 1.24 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $187,595 by year five, and $6,254/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $230,334.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 4.1% |
| Monthly Cash Flow | $(779) | $1,850 |
City averages based on Los Angeles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,779 |
| Total Monthly Debt Service | $3,930 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1965
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90056, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,548 (100%) |
| Owner Occupied HU | 2,329 (65.6%) |
| Renter Occupied HU | 1,051 (29.6%) |
| Vacant Housing Units | 168 ( 4.7%) |
| Median Home Value | $1,431,507 |
| Average Home Value | $1,440,423 |
Housing Distribution
Address Breakdown
Residential
3,569
Single Family
2,844
Multi-Family
725
Businesses
206
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 1965
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90056, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,548 (100%) |
| Owner Occupied HU | 2,329 (65.6%) |
| Renter Occupied HU | 1,051 (29.6%) |
| Vacant Housing Units | 168 ( 4.7%) |
| Median Home Value | $1,431,507 |
| Average Home Value | $1,440,423 |
Housing Distribution
Address Breakdown
Residential
3,569
Single Family
2,844
Multi-Family
725
Businesses
206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: CLAW
Mls ID: #26667757