7320 Balboa Blvd UNIT 102Van 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
Rental property for sale in Van Nuys at 7320 Balboa Blvd UNIT 102, Van Nuys, CA, 91406 generates $3,294/mo in rent and, after a $2,442/mo payment, leaves $207/mo in cash flow. Total monthly income is $3,294/mo, and annual cash flow is $2,489/yr on $165,419 invested. Return on cash invested sits at 21.41% in year one, and rental yield is 7.92% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 110.91% and total cumulative return in cash sums $183,474. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,294/mo property income rather than buyer’s personal income.
Condo
Built in 1990
1.22 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: Arthur Aslanian • Berkshire Hathaway HomeServices California Properties
Mls Name: CRMLS
Mls ID: #SR25146528