1315 Massachusetts Ave APT 204, Riverside, CA, 92507 | $461/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1315 Massachusetts Ave APT 204, Riverside, CA, 92507 | $461/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1752 sft

1119 Greenhill Way, Corona, CA, 92882

4 Bed
1 Bath
1299 sft

5800 Hamner Ave SPACE 16, Eastvale, CA, 91752

1 Bed
1 Bath
642 sft

1023 Vista Del Cerro Dr UNIT 205, Corona, CA, 92879

3 Bed
2 Bath
1150 sft

3469 Columbia Ave, Riverside, CA, 92501

Nearby investment properties with comparable prices

1 Bed
1 Bath
673 sft

2572 Avenida Del Vis, Corona, CA, 92882

2 Bed
2 Bath
1185 sft

6979 Palm Ct APT 346N, Riverside, CA, 92506

2 Bed
2 Bath
1152 sft

17130 Bonita Dr, Perris, CA, 92570

2 Bed
2 Bath
1165 sft

6979 Palm Ct APT 329J, Riverside, CA, 92506

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Riverside at 1315 Massachusetts Ave APT 204, Riverside, CA, 92507 offers a 9.13% rental yield on a $325,000 purchase with $2,472/mo rent. Total monthly income registers $2,472/mo, and a $1,591/mo payment leaves $461/mo available for distribution. Annual cash flow reaches $5,534/yr on $107,738 to close, and return on cash invested stands at 25.05% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 130.43% and total cumulative return in cash at $140,521. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,472/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1986

857 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1315 Massachusetts Ave #204 a charming and welcoming 2-bedroom, 2-bath condo located in the desirable Palmilla Luxury Condominiums. Situated on the second floor, this thoughtfully updated home offers 886 square feet of comfortable living space, featuring laminate and tile flooring, recessed lighting, and a sleek kitchen with stainless steel appliances. You'll have the convenience of a detached one-car garage and the peace of mind that comes with living in a secure, gated community. Less than a mile from UC Riverside, and within walking distance to Stater Bros, Farmer Boys, Mariposas Cantina Urbana, and Dukes Bar and Grill, everything you need is right around the corner. Plus, easy access to the 60 and 215 freeways makes getting around town simple. Enjoy community amenities like a sparkling swimming pool and BBQ areaideal for relaxing or entertaining. Come see why this charming condo is the perfect place to call home!

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