8801 Willis Ave #34Panorama CityCA91402
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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 Panorama City at 8801 Willis Ave #34, Panorama City, CA, 91402 uses $129,285 cash to close to unlock $7,707/yr annual cash flow and $642/mo monthly cash flow. Total monthly income runs $3,055/mo, and a $1,909/mo payment keeps the spread at $642/mo. Purchase price stands at $389,999, and rental yield measures 9.4% with $3,055/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 134.83% and total cumulative return in cash records $174,320. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,055/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Condo
Built in 1978
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91402, Panorama City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,086 (100%) |
| Owner Occupied HU | 6,703 (33.4%) |
| Renter Occupied HU | 12,868 (64.1%) |
| Vacant Housing Units | 515 ( 2.6%) |
| Median Home Value | $664,207 |
| Average Home Value | $712,762 |
Housing Distribution
Address Breakdown
Residential
19,674
Single Family
7,291
Multi-Family
12,383
Businesses
1,197
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Listed by: Haik Bokhchalian • JohnHart Real Estate
Mls Name: JohnHart Real Estate
Mls ID: #SR26017127