1517 Miramar DrNewport BeachCA92661
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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 Newport Beach at 1517 Miramar Dr, Newport Beach, CA, 92661 projects strong ROI of 4.5%. Rental yield 2.43%. With 5% annual appreciation, the property builds $1,159,001 in value over five years. Equity growth combined delivers a projected five-year ROI of 20.27%, translating into $275,448 in total cumulative return on $1,359,180 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1952
2,450 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 92661, Newport Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,494 (100%) |
| Owner Occupied HU | 787 (31.6%) |
| Renter Occupied HU | 891 (35.7%) |
| Vacant Housing Units | 816 (32.7%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,929,638 |
Housing Distribution
Address Breakdown
Residential
2,403
Single Family
2,116
Multi-Family
287
Businesses
206
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-03 | Listed for sale | $4,195,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $37514.18 | 1659.84% | $3,500,000 | 2845.33% |
| 2023-02-13 | $2131.68 | -2.77% | $118,832 | 2.00% |
| 2022-02-13 | $2192.46 | -6.22% | $116,502 | 2.00% |
Nearby investment properties with comparable rents
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1952
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 2,090 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: None
- Flooring: Wood
- Interior Features: Balcony, Beamed Ceilings, Living Room Deck Attached, Kitchen, Laundry, Living Room, Main Floor Bedroom, Separate Family Room, Eating Area In Dining Room
- Exterior Features: N/A
- Parking Features: Carport, Direct Access, Garage - Single Door, Workshop in Garage
Location
- City: Newport Beach
- State: CA
- Subdivision: Balboa Peninsula Point (BLPP)
- Lot Size: 2,450 sqft
- Lot Features: Park Nearby
- View: Park/Greenbelt
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Newport
- Middle School: N/A
- High School: Newport Harbor
Listed by: Kimberly Bibb • Pacific Sotheby's Int'l Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #NP24202646
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-13 02:32:03 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information