985 N Michillinda Ave UNIT 207PasadenaCA91107
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 985 N Michillinda Ave UNIT 207, Pasadena, CA, 91107 in Pasadena the bet is firmly on appreciation. Rental yield 5.82%. The 5.82% gross yield on a $1,288,000 price is below income-first thresholds, but 5%/yr value growth projects $355,851 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.08) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $377,574.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 5.0% |
| Monthly Cash Flow | $(2,497) | $300 |
City averages based on Pasadena market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,246 |
| Total Monthly Debt Service | $7,455 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2007
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91107, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,032 (100%) |
| Owner Occupied HU | 7,722 (55.0%) |
| Renter Occupied HU | 5,537 (39.5%) |
| Vacant Housing Units | 773 ( 5.5%) |
| Median Home Value | $1,207,182 |
| Average Home Value | $1,300,880 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
10,845
Multi-Family
3,149
Businesses
1,694
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2007
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91107, Pasadena, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,032 (100%) |
| Owner Occupied HU | 7,722 (55.0%) |
| Renter Occupied HU | 5,537 (39.5%) |
| Vacant Housing Units | 773 ( 5.5%) |
| Median Home Value | $1,207,182 |
| Average Home Value | $1,300,880 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
10,845
Multi-Family
3,149
Businesses
1,694
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shahe Seuylemezian • Remax Dream Properties
Mls Name: CRMLS
Mls ID: #P1-25224