1076 Mitchell AveTustinCA92780
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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 Tustin at 1076 Mitchell Ave, Tustin, CA, 92780 generates $3,860/mo in rent, after a $3,177/mo payment. Total monthly income is $3,860/mo. Return on cash invested sits at 19.19% in year one, and rental yield is 7.14% on a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 98.94% and total cumulative return in cash sums $211,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,860/mo property income rather than buyer’s personal income.
Condo
Built in 1963
1,717 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92780, Tustin, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,643 (100%) |
| Owner Occupied HU | 7,834 (42.0%) |
| Renter Occupied HU | 10,189 (54.7%) |
| Vacant Housing Units | 620 ( 3.3%) |
| Median Home Value | $878,171 |
| Average Home Value | $891,218 |
Housing Distribution
Address Breakdown
Residential
18,698
Single Family
13,817
Multi-Family
4,881
Businesses
3,252
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Listed by: Ryan Knapp • Torelli Realty
Mls Name: CRMLS
Mls ID: #PW25155860