9119 Wakefield Ave UNIT 2Panorama 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 9119 Wakefield Ave UNIT 2, Panorama City, CA, 91402 listed at $329,000 pairs $2,774/mo rent with a $1,610/mo payment to leave $739/mo cash flow. Total monthly income runs $2,774/mo, and annual cash flow reaches $8,868/yr on $109,064 cash to close. Return on cash invested measures 28.04% in year one, and rental yield registers 10.12% at a $329,000 basis. Equity gained on principal adds $2,123/yr, and annual property appreciation at 5% supports $90,897 by year five. Five-year ROI tracks 146.49% and total cumulative return in cash totals $159,765. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,774/mo property income relative to a $1,610/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
0.95 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: Iris Goldstein-Hagay • Rodeo Realty
Mls Name: CRMLS
Mls ID: #SR25194419