5316 Rainwood Street 57
Simi Valley, CA, 93063
$579,999
MLS: 226001693
Beds
2
Baths
1
Sq Ft
1,156
Lot
0.03 ac
Year Built
1985
MLS #
226001693
Days on Market
9
Listed
Apr 13, 2026
Description
Welcome to this newly remodeled modern end-unit townhome in the heart of Simi Valley, offering 2 bedrooms and 1 bathroom. This move-in-ready home features laminate flooring throughout and an updated kitchen with quartz countertops and stainless steel appliances. The spacious primary bedroom includes an en-suite bathroom with quartz countertops and a stylish tile shower/tub combination. Enjoy outdoor living with two private patios, perfect for relaxing or entertaining. Additional highlights include a 2-car attached garage with direct access and extra guest parking nearby. Located in a desirable community with a pool and spa, this home offers comfort, style, and convenience.
Location
Simi Valley, Ventura County, CA 93063
Open on Google Maps ↗Listed by: Deborah McCarthy · Pinnacle Estate Properties, Inc.
Payment estimate
$4,329
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $58,000 · Loan: $521,999
- Principal & Interest
- $3,207
- Property tax (1.25%)
- $604
- Homeowners insurance
- $300
- Mortgage insurance
- $217
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Simi Valley home with as little as 3.5% down using an FHA loan — roughly $20,300 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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