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5
Values down to $397K, Rent to $2,645
Updated 13 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows strong potential as a turnkey rental. Based on local market data, you can expect monthly income ranging between $2,543 and $2,919. This solid range offers a stable foundation for your investment portfolio. With an impressive estimated annual yield of approximately 8.15%, this condo is a compelling choice for income-focused investors. Its performance metrics align well with similar properties in Thousand Oaks, making it a reliable, income-generating asset.
More about this home
Neighborhood Assessment
Newbury Park in Thousand Oaks is a stable, suburban condo neighborhood with solid fundamentals. You’ve got decent walkability for daily needs and easy access to 101, plus improving bike scores and a mix of older but well-kept buildings. Public schools are a real draw, especially highly rated Newbury Park High, which quietly boosts long‑term demand and resale values. The area is also riding a bigger Thousand Oaks story: the city is actively investing in a more walkable, vibrant downtown with new mixed‑use, housing, hotel, retail, and arts projects slated through the early 2030s. That kind of city‑level money and planning usually translates into stronger property values over time, even for modest 2bd/1ba, ~900 sqft condos like yours nearby.
Market Activity
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Rental Income
$33K
Yield
8.1%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, increasing price per square foot from $484 to $509. This 5% gain proves that thoughtful improvements help your property shine, capture buyer interest, and unlock your home’s full potential. These enhancements elevate your selling range to $420,000–$464,000 and support solid rental returns. Investing in quality finishes is a fantastic way to enjoy your living space while building long-term equity and ensuring lasting market appeal.
Value Add
$22K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $420,000 and $464,000. Targeted updates capitalize on a proven price per square foot uplift, effectively maximizing the asset's market standing and long-term equity growth. The project promises consistent cash flow with an average monthly rental income of $2,645. Achieving a 7.2% yield makes this a dependable investment choice for those seeking reliable passive income within a stable residential market.
Rental Income
$32K
Yield
7.2%
Year 1 Estimates, Post Typical Renovation
Estimated value
$402K
$5.2K over comp median
Comparative Market Analysis
$350K – $425K
~241 days to sell
Based on 8 comps
673 Paseo La Perla, Thousand Oaks Investment Report: Flip & Rental Analysis · Frontflip