1845 Monrovia Ave SPACE 34Costa MesaCA92627
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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 Costa Mesa at 1845 Monrovia Ave SPACE 34, Costa Mesa, CA, 92627 uses $82,842 cash to close to unlock $2,391/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,745/mo, and a $1,223/mo payment keeps the spread at $199/mo. Purchase price stands at $249,900, and rental yield measures 8.38% with $1,745/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 118.35% and total cumulative return in cash records $98,042. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,745/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92627, Costa Mesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,560 (100%) |
| Owner Occupied HU | 8,601 (35.0%) |
| Renter Occupied HU | 14,785 (60.2%) |
| Vacant Housing Units | 1,174 ( 4.8%) |
| Median Home Value | $1,149,319 |
| Average Home Value | $1,200,235 |
Housing Distribution
Address Breakdown
Residential
23,652
Single Family
16,377
Multi-Family
7,275
Businesses
2,973
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Listed by: Jean Mcgrath • Galaxy Homes
Mls Name: My State MLS
Mls ID: #11545187