1140 W Blaine St APT 202, Riverside, CA, 92507 | $221/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1140 W Blaine St APT 202, Riverside, CA, 92507 | $221/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Riverside at 1140 W Blaine St APT 202, Riverside, CA, 92507 uses $97,793 cash to close to unlock $2,651/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $2,046/mo, and a $1,444/mo payment keeps the spread at $221/mo. Purchase price stands at $295,000, and rental yield measures 8.32% with $2,046/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 117.37% and total cumulative return in cash records $114,782. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,046/mo property income covering a $1,444/mo payment rather than investor’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to The Woodlands, a sought-after gated condo community just steps from the University of California Riverside and minutes to downtown! This stylish upstairs unit has been refreshed with new vinyl flooring, bathroom updates, recessed lighting, upgraded balcony features, fresh paint, and a brand-new AC unit, making it an easy low-maintenance investment property or move-in ready for a homeowner. Inside, youll find a spacious bedroom with double mirrored closets, a large bathroom with plenty of counter space and storage, and a private balcony perfect for relaxing or entertaining. The kitchen features granite countertops and comes fully equipped with a stove, microwave, dishwasher, and refrigerator. A one-car detached garage is included, with plenty of street parking for guests. The community offers fantastic amenities: sparkling swimming pool, relaxing jacuzzi, BBQ and picnic areas, onsite laundry, well-kept grounds, and pet-friendly living. HOA dues cover water, trash, sewer, and grounds maintenance for stress-free ownership. With its unbeatable location near campus, shopping, restaurants, and freeways plus outdoor destinations like the Cleveland National Forest, Santa Ana River, and Sycamore Canyon Wilderness Park this property offers strong rental potential and consistent demand. Whether youre looking for a prime rental property or your own place to call home, this one is ready to go and units here dont last long!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92507, Riverside, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,739 (100%)
Owner Occupied HU	8,330 (35.1%)
Renter Occupied HU	13,515 (56.9%)
Vacant Housing Units	1,894 ( 8.0%)
Median Home Value	$607,258
Average Home Value	$625,569