746 N Garfield Ave APT 2PasadenaCA91104
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable and efficiently structured, 746 N Garfield Ave APT 2, Pasadena, CA, 91104 in Pasadena is a conservative rental investment at $639,000. Rental yield 8%. A 1.48 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $176,544; $5,885/yr in principal paydown supplements. Total projected return: $262,139.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.0% |
| Monthly Cash Flow | $(62) | $300 |
City averages based on Pasadena market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,261 |
| Total Monthly Debt Service | $3,699 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1979
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91104, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,264 (100%) |
| Owner Occupied HU | 6,732 (50.8%) |
| Renter Occupied HU | 5,915 (44.6%) |
| Vacant Housing Units | 617 ( 4.7%) |
| Median Home Value | $1,062,897 |
| Average Home Value | $1,149,037 |
Housing Distribution
Address Breakdown
Residential
13,388
Single Family
10,825
Multi-Family
2,563
Businesses
584
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 1979
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91104, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,264 (100%) |
| Owner Occupied HU | 6,732 (50.8%) |
| Renter Occupied HU | 5,915 (44.6%) |
| Vacant Housing Units | 617 ( 4.7%) |
| Median Home Value | $1,062,897 |
| Average Home Value | $1,149,037 |
Housing Distribution
Address Breakdown
Residential
13,388
Single Family
10,825
Multi-Family
2,563
Businesses
584
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: King Lee • Dynasty Realty
Mls Name: CRMLS
Mls ID: #TR26018381