885 S Orange Grove Blvd APT 34PasadenaCA91105
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
Rental property for sale in Pasadena at 885 S Orange Grove Blvd APT 34, Pasadena, CA, 91105 priced at $1,395,000 converts $11,312/mo rent into $1,504/mo cash flow after a $6,828/mo obligation. Total monthly income equals $11,312/mo, and annual cash flow totals $18,049/yr on $451,980 invested. Return on cash invested prints 24.36% in year one, and rental yield reads 9.73% against a $1,395,000 entry. Equity gained on principal adds $9,002/yr, while 5% annual appreciation compiles into $385,413 by year five. Five-year ROI reaches 127.77% and total cumulative return in cash sums $577,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $11,312/mo property income covering a $6,828/mo payment, not borrower’s personal income.
Condo
Built in 1973
3.67 Acres lot
$N/A/sqft
$1,178 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91105, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,212 (100%) |
| Owner Occupied HU | 3,775 (52.3%) |
| Renter Occupied HU | 2,956 (41.0%) |
| Vacant Housing Units | 481 ( 6.7%) |
| Median Home Value | $1,606,126 |
| Average Home Value | $1,616,411 |
Housing Distribution
Address Breakdown
Residential
6,607
Single Family
3,772
Multi-Family
2,835
Businesses
1,300
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ted Clark • COMPASS
Mls Name: CRMLS
Mls Provider:
Mls ID: #P1-18786
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information