716 N Grand Ave TRLR A7CovinaCA91724
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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 Covina at 716 N Grand Ave TRLR A7, Covina, CA, 91724 priced at $160,000 converts $1,231/mo rent into $241/mo cash flow after a $783/mo obligation. Total monthly income equals $1,231/mo, and annual cash flow totals $2,896/yr on $53,040 invested. Return on cash invested prints 25.37% in year one, and rental yield reads 9.23% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 132.2% and total cumulative return in cash sums $70,118. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,231/mo property income covering a $783/mo payment, not borrower’s personal income.
Manufactured
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91724, Covina, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,322 (100%) |
| Owner Occupied HU | 6,184 (66.3%) |
| Renter Occupied HU | 2,858 (30.7%) |
| Vacant Housing Units | 280 ( 3.0%) |
| Median Home Value | $797,170 |
| Average Home Value | $821,273 |
Housing Distribution
Address Breakdown
Residential
8,807
Single Family
7,528
Multi-Family
1,279
Businesses
607
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Listed by: Joyce Wantz • ACTION MOBILE HOMES
Mls Name: NY State MLS
Mls ID: #11364917