8300 Lexington Rd APT 1DowneyCA90241
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
Investment Highlights
Investment property for sale in Downey at 8300 Lexington Rd APT 1, Downey, CA, 90241 earns $1,783/mo cash flow from $6,672/mo rent with a $3,549/mo payment. Total monthly income totals $6,672/mo, and annual cash flow totals $21,393/yr on $238,525 capital. ROI tracks 29.03% on current figures, and rental yield reads 11.04% at a $725,000 purchase. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 over five years. Five-year ROI reaches 152.44% and total cumulative return in cash sums $363,617. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,672/mo property income instead of your personal income.
Condo
Built in 1976
1,672 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90241, Downey, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,500 (100%) |
| Owner Occupied HU | 6,045 (41.7%) |
| Renter Occupied HU | 7,950 (54.8%) |
| Vacant Housing Units | 505 ( 3.5%) |
| Median Home Value | $826,458 |
| Average Home Value | $869,737 |
Housing Distribution
Address Breakdown
Residential
14,698
Single Family
8,972
Multi-Family
5,726
Businesses
1,937
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Mercado • Mercado and Associates RE Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202409073
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.