1356 Wheaton Way, Riverside, CA, 92507 | $508/mo Cash Flow

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 1356 Wheaton Way, Riverside, CA, 92507 uses $140,888 cash to close to unlock $6,096/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $3,137/mo, and a $2,080/mo payment keeps the spread at $508/mo. Purchase price stands at $425,000, and rental yield measures 8.86% with $3,137/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 126.07% and total cumulative return in cash records $177,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,137/mo property income covering a $2,080/mo payment rather than investor’s personal income.

Condo

Built in 1974

995 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to your beautiful new home in University Greens HOA! This charming condo has been fully renovated with new modern finishes throughout, new floors, new paint, new appliances, new bathroom counters, granite counter tops in kitchen and privacy screens on all windows! Open concept living and dining room. Home has high beamed ceilings and a covered back patio with gate access to common area. HOA has beautiful mature trees and a swimming pool. Enjoy easy access to shopping, dining, and schools. Condo is within walking distance from UCR and close to RCC, 215/91 freeways. Condo is currently undergoing a large water wise conversion of its landscaping.

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