8936 Willis Ave UNIT 11Panorama 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 8936 Willis Ave UNIT 11, Panorama City, CA, 91402 offers a 10.17% rental yield on a $479,000 purchase with $4,058/mo rent. Total monthly income registers $4,058/mo, and a $2,344/mo payment leaves $1,095/mo available for distribution. Annual cash flow reaches $13,143/yr on $158,789 to close, and return on cash invested stands at 28.19% in year one. Equity gained on principal adds $3,091/yr while 5% annual appreciation supports $132,339 over five years. Portfolio math shows five-year ROI at 147.24% and total cumulative return in cash at $233,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,058/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
0.59 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: Christopher Jones • eXp Realty of Greater Los Angeles
Mls Name: CLAW
Mls ID: #26632721