837 Magnolia Ave APT 12PasadenaCA91106
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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 Pasadena at 837 Magnolia Ave APT 12, Pasadena, CA, 91106 generates $3,046/mo in rent, after a $2,423/mo payment. Total monthly income is $3,046/mo. Return on cash invested sits at 19.79% in year one, and rental yield is 7.38% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 102.2% and total cumulative return in cash sums $167,698. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,046/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91106, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,390 (100%) |
| Owner Occupied HU | 3,817 (33.5%) |
| Renter Occupied HU | 6,904 (60.6%) |
| Vacant Housing Units | 669 ( 5.9%) |
| Median Home Value | $1,177,838 |
| Average Home Value | $1,342,656 |
Housing Distribution
Address Breakdown
Residential
11,650
Single Family
5,273
Multi-Family
6,377
Businesses
910
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Listed by: Judy Rubin • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #P1-23011