6815 Remmet Ave UNIT 311Canoga ParkCA91303
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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 Canoga Park at 6815 Remmet Ave UNIT 311, Canoga Park, CA, 91303 uses $116,025 cash to close to unlock $4,643/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $2,552/mo, and a $1,713/mo payment keeps the spread at $387/mo. Purchase price stands at $350,000, and rental yield measures 8.75% with $2,552/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 124.28% and total cumulative return in cash records $144,194. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,552/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1986
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91303, Canoga Park, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,665 (100%) |
| Owner Occupied HU | 2,503 (21.5%) |
| Renter Occupied HU | 8,482 (72.7%) |
| Vacant Housing Units | 680 ( 5.8%) |
| Median Home Value | $781,980 |
| Average Home Value | $891,188 |
Housing Distribution
Address Breakdown
Residential
11,164
Single Family
3,675
Multi-Family
7,489
Businesses
1,698
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Listed by: Hooman Zahedi • Redfin Corporation
Mls Name: CRMLS
Mls ID: #BB25273414