1215 Scenic WayRimforestCA92378
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
Investment Highlights
Investment property for sale in Rimforest at 1215 Scenic Way, Rimforest, CA, 92378 listed at $389,000 pairs $2,857/mo rent with a $1,904/mo payment to leave $451/mo cash flow. Total monthly income runs $2,857/mo, and annual cash flow reaches $5,406/yr on $128,954 cash to close. Return on cash invested measures 24.1% in year one, and rental yield registers 8.81% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 125.32% and total cumulative return in cash totals $161,610. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,857/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
3,866 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92378, Rimforest, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 129 (100%) |
| Owner Occupied HU | 64 (49.6%) |
| Renter Occupied HU | 36 (27.9%) |
| Vacant Housing Units | 29 (22.5%) |
| Median Home Value | $601,190 |
| Average Home Value | $621,289 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dawn Schulert • Real Broker
Mls Name: CRMLS
Mls ID: #IG25245161