20642 Iris Canyon RdRiversideCA92508
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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
Rental property for sale in Riverside at 20642 Iris Canyon Rd, Riverside, CA, 92508 generates $4,477/mo in rent, after a $4,155/mo payment. Total monthly income is $4,477/mo. Return on cash invested sits at 16.73% in year one, and rental yield is 6.33% on a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 85.78% and total cumulative return in cash sums $239,588. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,477/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92508, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,504 (100%) |
| Owner Occupied HU | 8,222 (78.3%) |
| Renter Occupied HU | 2,068 (19.7%) |
| Vacant Housing Units | 214 ( 2.0%) |
| Median Home Value | $679,177 |
| Average Home Value | $726,401 |
Housing Distribution
Address Breakdown
Residential
10,397
Single Family
9,759
Multi-Family
638
Businesses
412
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Listed by: JASON MCINTYRE • JASON SHAWN MCINTYRE, BROKER
Mls Name: CRMLS
Mls ID: #IV25149355