8565 Independence Ave APT 7Canoga ParkCA91304
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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 Canoga Park at 8565 Independence Ave APT 7, Canoga Park, CA, 91304 uses $140,854 cash to close to unlock $5,462/yr annual cash flow and $455/mo monthly cash flow. Total monthly income runs $3,084/mo, and a $2,080/mo payment keeps the spread at $455/mo. Purchase price stands at $424,900, and rental yield measures 8.71% with $3,084/mo rent. Return on cash invested shows 23.79% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 123.66% and total cumulative return in cash records $174,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,084/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91304, Canoga Park, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,491 (100%) |
| Owner Occupied HU | 8,842 (50.6%) |
| Renter Occupied HU | 8,068 (46.1%) |
| Vacant Housing Units | 581 ( 3.3%) |
| Median Home Value | $869,131 |
| Average Home Value | $897,868 |
Housing Distribution
Address Breakdown
Residential
17,809
Single Family
10,401
Multi-Family
7,408
Businesses
1,099
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Listed by: Peter McKernan • PPF Realty
Mls Name: CRMLS
Mls ID: #OC25247558