8939 Rhea 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 8939 Rhea Ave, Northridge, CA, 91324 listed at $1,350,000 pairs $5,059/mo rent with a $6,608/mo payment. Total monthly income runs $5,059/mo. Return on cash invested measures 11.34% in year one, and rental yield registers 4.5% at a $1,350,000 basis. Equity gained on principal adds $8,711/yr, and annual property appreciation at 5% supports $372,980 by year five. Five-year ROI tracks 56.77% and total cumulative return in cash totals $248,321. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,059/mo property income relative to a $6,608/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1952
6,200 sqft 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: Janine Morovati • COMPASS
Mls Name: CRMLS
Mls ID: #P1-23847