1501 S Raitt St #115Santa AnaCA92704
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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 Santa Ana at 1501 S Raitt St #115, Santa Ana, CA, 92704 uses $165,750 cash to close to unlock $1,310/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $3,202/mo, and a $2,447/mo payment keeps the spread at $109/mo. Purchase price stands at $499,999, and rental yield measures 7.68% with $3,202/mo rent. Return on cash invested shows 20.7% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 107.09% and total cumulative return in cash records $177,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,202/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Condo
Built in 1982
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92704, Santa Ana, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,507 (100%) |
| Owner Occupied HU | 10,907 (50.7%) |
| Renter Occupied HU | 10,121 (47.1%) |
| Vacant Housing Units | 479 ( 2.2%) |
| Median Home Value | $702,462 |
| Average Home Value | $751,073 |
Housing Distribution
Address Breakdown
Residential
20,361
Single Family
17,247
Multi-Family
3,114
Businesses
2,302
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Listed by: Vanessa Villa • First Team Real Estate
Mls Name: CRMLS
Mls ID: #PW25196255