1025 La Terraza Cir UNIT 204CoronaCA92879
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 1025 La Terraza Cir UNIT 204, Corona, CA, 92879 in Corona delivers $2,624/mo in gross rent and $243/mo in net monthly income at a $385,000 entry. The 8.18% yield and 1.52 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $106,368 over five years and $3,546/yr in equity from loan paydown, total projected return is $161,596.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.2% |
| Monthly Cash Flow | $243 | $300 |
City averages based on Corona market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,624 |
| Total Monthly Debt Service | $2,229 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1991
868 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92879, Corona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,612 (100%) |
| Owner Occupied HU | 8,245 (52.8%) |
| Renter Occupied HU | 6,723 (43.1%) |
| Vacant Housing Units | 644 ( 4.1%) |
| Median Home Value | $629,879 |
| Average Home Value | $652,045 |
Housing Distribution
Address Breakdown
Residential
14,680
Single Family
12,585
Multi-Family
2,095
Businesses
1,506
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 1991
868 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92879, Corona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,612 (100%) |
| Owner Occupied HU | 8,245 (52.8%) |
| Renter Occupied HU | 6,723 (43.1%) |
| Vacant Housing Units | 644 ( 4.1%) |
| Median Home Value | $629,879 |
| Average Home Value | $652,045 |
Housing Distribution
Address Breakdown
Residential
14,680
Single Family
12,585
Multi-Family
2,095
Businesses
1,506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen Longard • Saddleback Realty & Property Management
Mls Name: CRMLS
Mls ID: #PW25151399