1507 E Spruce StPlacentiaCA92870
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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
Rental property for sale in Placentia at 1507 E Spruce St, Placentia, CA, 92870 generates $2,978/mo in rent, after a $3,034/mo payment. Total monthly income is $2,978/mo. Return on cash invested sits at 15.02% in year one, and rental yield is 5.76% on a $619,900 entry. Equity gained on principal adds $4,000/yr, while 5% annual appreciation builds toward $171,267 over five years. Five-year ROI reaches 76.59% and total cumulative return in cash sums $156,212. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,978/mo property income rather than buyer’s personal income.
Condo
Built in 2001
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92870, Placentia, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 10,947 (60.2%) |
| Renter Occupied HU | 6,717 (36.9%) |
| Vacant Housing Units | 519 ( 2.9%) |
| Median Home Value | $938,079 |
| Average Home Value | $998,754 |
Housing Distribution
Address Breakdown
Residential
17,810
Single Family
15,727
Multi-Family
2,083
Businesses
1,331
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Listed by: Jose Gonzalez • Gonzalez Realty
Mls Name: CRMLS
Mls ID: #PW25248285