8944 Megan AveCanoga 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 8944 Megan Ave, Canoga Park, CA, 91304 offers a 9.57% rental yield on a $799,900 purchase with $6,382/mo rent. Total monthly income registers $6,382/mo, and a $3,915/mo payment leaves $1,434/mo available for distribution. Annual cash flow reaches $17,205/yr on $263,167 to close, and return on cash invested stands at 26.6% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $220,998 over five years. Portfolio math shows five-year ROI at 138.67% and total cumulative return in cash at $364,932. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,382/mo property income against a $3,915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.40 Acres 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: Jeffrey Landau • Team 805 Real Estate
Mls Name: CSMAOR
Mls ID: #225003390