1 Springwater #55IrvineCA92604
Nearby investment properties with comparable rents
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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 Irvine at 1 Springwater #55, Irvine, CA, 92604 offers $5,652/mo rent that, after a $7,283/mo payment. Total monthly income is $5,652/mo. Return on cash invested measures 11.53% in year one, and rental yield stands at 4.56% at a $1,488,000 entry. Equity gained on principal adds $9,602/yr while 5% annual appreciation compounds into $411,107 by year five. Five-year ROI records 57.78% and total cumulative return in cash reaches $278,580. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,652/mo property income versus a $7,283/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1980
7.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92604, Irvine, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,584 (100%) |
| Owner Occupied HU | 6,169 (58.3%) |
| Renter Occupied HU | 4,019 (38.0%) |
| Vacant Housing Units | 396 ( 3.7%) |
| Median Home Value | $1,078,776 |
| Average Home Value | $1,078,085 |
Housing Distribution
Address Breakdown
Residential
9,937
Single Family
7,621
Multi-Family
2,316
Businesses
613
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Listed by: Joseph Chow • Redfin
Mls Name: CRMLS
Mls ID: #OC25168024