956 Parkman StAltadenaCA91001
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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 Altadena at 956 Parkman St, Altadena, CA, 91001 generates $6,869/mo in rent, after a $7,440/mo payment. Total monthly income is $6,869/mo. Return on cash invested sits at 14.19% in year one, and rental yield is 5.42% on a $1,520,000 entry. Equity gained on principal adds $9,808/yr, while 5% annual appreciation builds toward $419,948 over five years. Five-year ROI reaches 72.09% and total cumulative return in cash sums $355,046. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,869/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
7,209 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91001, Altadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,169 (100%) |
| Owner Occupied HU | 5,080 (70.9%) |
| Renter Occupied HU | 1,836 (25.6%) |
| Vacant Housing Units | 253 ( 3.5%) |
| Median Home Value | $1,143,490 |
| Average Home Value | $1,251,023 |
Housing Distribution
Address Breakdown
Residential
13,055
Single Family
12,289
Multi-Family
766
Businesses
464
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Listed by: Louis Magnano • Modern California House
Mls Name: CLAW
Mls ID: #26632911