16627 Eric AveCerritosCA90703
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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 Cerritos at 16627 Eric Ave, Cerritos, CA, 90703 earns $28/mo cash flow from $4,234/mo rent with a $3,328/mo payment. Total monthly income totals $4,234/mo, and annual cash flow totals $333/yr on $223,687 capital. ROI tracks 20.21% on current figures, and rental yield reads 7.47% at a $679,900 purchase. Equity gained on principal adds $4,387/yr, and 5% annual appreciation supports $187,844 over five years. Five-year ROI reaches 104.41% and total cumulative return in cash sums $233,561. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,234/mo property income instead of your personal income.
Single Family
Built in 2008
1,563 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90703, Cerritos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,228 (100%) |
| Owner Occupied HU | 12,088 (74.5%) |
| Renter Occupied HU | 3,765 (23.2%) |
| Vacant Housing Units | 375 ( 2.3%) |
| Median Home Value | $910,757 |
| Average Home Value | $972,846 |
Housing Distribution
Address Breakdown
Residential
16,227
Single Family
15,582
Multi-Family
645
Businesses
2,049
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Listed by: Mario Marquez • eXp Realty of Southern Calif
Mls Name: CRMLS
Mls ID: #DW25197194