1616 Windmill Ln UNIT A, Corona, CA, 92879 | 7.12% Rental Yield

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1616 Windmill Ln UNIT A, Corona, CA, 92879 | 7.12% Rental Yield | Ziffy

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 Corona at 1616 Windmill Ln UNIT A, Corona, CA, 92879 offers a 7.12% rental yield on a $489,000 purchase with $2,902/mo rent. Equity gained on principal adds $3,155/yr while 5% annual appreciation supports $135,102 over five years. Portfolio math shows five-year ROI at 97.98% and total cumulative return in cash at $158,830. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,902/mo property income against a $2,393/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1985

N/A lot

$N/A/sqft

No HOA

More details about the property

Seize this opportunity while it lasts to own a beautifully updated, light-filled end-unit condo offering sweeping views and premium upgrades for an unmatched value. This thoughtfully maintained residence features 2 bedrooms, each with its own en-suite bathroom, plus an attached 1-car garage and an additional dedicated private driveway. Inside, youll appreciate the new interior paint, new stair carpeting and upstairs flooring, plus the piece of mind big ticket upgrades like full re-pipe throughout the unit, complete with new shutoff valves in the laundry room, bathrooms, and kitchen. A new water heater provides added peace of mind, and a newer HVAC unit ensures comfort year-round for years to come. The downstairs is beautifully tiled for easy maintenance, and the HOA is refreshingly low. Step outside to enjoy the communitys inviting pool, spa, walkways, and green belts a perfect blend of privacy, lifestyle, and convenience in one move-in ready home. With an unbeatable location, you'll be walking distance to Excelsior Charter School, Centennial High School, Garretson Elementary School, & Crossroads Christian School!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92879, Corona, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,612 (100%)
Owner Occupied HU	8,245 (52.8%)
Renter Occupied HU	6,723 (43.1%)
Vacant Housing Units	644 ( 4.1%)
Median Home Value	$629,879
Average Home Value	$652,045