8433 Melvin AveNorthridgeCA91324
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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 Northridge at 8433 Melvin Ave, Northridge, CA, 91324 earns from $7,288/mo rent with a $8,027/mo payment. Total monthly income totals $7,288/mo. ROI tracks 13.92% on current figures, and rental yield reads 5.33% at a $1,640,000 purchase. Equity gained on principal adds $10,583/yr, and 5% annual appreciation supports $453,102 over five years. Five-year ROI reaches 70.6% and total cumulative return in cash sums $375,166. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,288/mo property income instead of your personal income.
Single Family
Built in 1943
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91324, Northridge, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,929 (100%) |
| Owner Occupied HU | 4,792 (43.8%) |
| Renter Occupied HU | 5,404 (49.4%) |
| Vacant Housing Units | 733 ( 6.7%) |
| Median Home Value | $895,211 |
| Average Home Value | $961,205 |
Housing Distribution
Address Breakdown
Residential
10,824
Single Family
5,914
Multi-Family
4,910
Businesses
2,122
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Listed by: Dominic Kennedy • Real Brokerage Technologies
Mls Name: CLAW
Mls ID: #25602443