1607 Perennial CtPerrisCA92571
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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 Perris at 1607 Perennial Ct, Perris, CA, 92571 uses $135,915 cash to close to unlock $6,833/yr annual cash flow and $569/mo monthly cash flow. Total monthly income runs $3,106/mo, and a $2,007/mo payment keeps the spread at $569/mo. Purchase price stands at $410,000, and rental yield measures 9.09% with $3,106/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 129.81% and total cumulative return in cash records $176,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,106/mo property income covering a $2,007/mo payment rather than investor’s personal income.
Condo
Built in 2006
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92571, Perris, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,967 (100%) |
| Owner Occupied HU | 10,213 (68.2%) |
| Renter Occupied HU | 4,445 (29.7%) |
| Vacant Housing Units | 309 ( 2.1%) |
| Median Home Value | $522,193 |
| Average Home Value | $539,599 |
Housing Distribution
Address Breakdown
Residential
14,179
Single Family
13,530
Multi-Family
649
Businesses
533
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Listed by: ANTHONY EID • BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Mls Name: CRMLS
Mls ID: #IV25267585