11383 Millard DrRiversideCA92503
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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
Investment property for sale in Riverside at 11383 Millard Dr, Riverside, CA, 92503 offers a 7.49% rental yield on a $599,000 purchase with $3,738/mo rent. Total monthly income registers $3,738/mo, and a $2,932/mo payment leaves $32/mo available for distribution. Annual cash flow reaches $387/yr on $197,071 to close, and return on cash invested stands at 20.26% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 104.68% and total cumulative return in cash at $206,290. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,738/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92503, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,185 (100%) |
| Owner Occupied HU | 17,443 (61.9%) |
| Renter Occupied HU | 9,973 (35.4%) |
| Vacant Housing Units | 769 ( 2.7%) |
| Median Home Value | $622,831 |
| Average Home Value | $668,541 |
Housing Distribution
Address Breakdown
Residential
26,748
Single Family
22,884
Multi-Family
3,864
Businesses
2,258
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Listed by: Michelle Williams • Remax One
Mls Name: CRMLS
Mls ID: #IG26013395