7301 Balboa Blvd UNIT 8Van NuysCA91406
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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 Van Nuys at 7301 Balboa Blvd UNIT 8, Van Nuys, CA, 91406 offers a 7.69% rental yield on a $490,000 purchase with $3,142/mo rent. Total monthly income registers $3,142/mo, and a $2,398/mo payment leaves $111/mo available for distribution. Annual cash flow reaches $1,333/yr on $162,435 to close, and return on cash invested stands at 20.73% in year one. Equity gained on principal adds $3,162/yr while 5% annual appreciation supports $135,378 over five years. Portfolio math shows five-year ROI at 107.27% and total cumulative return in cash at $174,240. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,142/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91406, Van Nuys, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,479 (100%) |
| Owner Occupied HU | 7,664 (37.4%) |
| Renter Occupied HU | 11,988 (58.5%) |
| Vacant Housing Units | 827 ( 4.0%) |
| Median Home Value | $835,477 |
| Average Home Value | $866,901 |
Housing Distribution
Address Breakdown
Residential
19,272
Single Family
9,653
Multi-Family
9,619
Businesses
2,479
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Listed by: Jesus Pina • VISMAR REAL ESTATE
Mls Name: CRMLS
Mls ID: #CV25164801