940 E 2nd St APT 37Los AngelesCA90012
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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
Rental property for sale in Los Angeles at 940 E 2nd St APT 37, Los Angeles, CA, 90012 generates $6,788/mo in rent, after a $8,560/mo payment. Total monthly income is $6,788/mo. Return on cash invested sits at 11.83% in year one, and rental yield is 4.66% on a $1,749,000 entry. Equity gained on principal adds $11,286/yr, while 5% annual appreciation builds toward $483,216 over five years. Five-year ROI reaches 59.43% and total cumulative return in cash sums $336,775. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,788/mo property income rather than buyer’s personal income.
Townhouse
Built in 1906
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90012, Los Angeles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,994 (100%) |
| Owner Occupied HU | 1,413 ( 8.3%) |
| Renter Occupied HU | 13,925 (81.9%) |
| Vacant Housing Units | 1,656 ( 9.7%) |
| Median Home Value | $858,384 |
| Average Home Value | $984,713 |
Housing Distribution
Address Breakdown
Residential
15,892
Single Family
5,009
Multi-Family
10,883
Businesses
2,753
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Listed by: Terri Miller • Tempo Realty
Mls Name: CRMLS
Mls ID: #P1-22654