209 E Bay FrontNewport BeachCA92662
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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 Newport Beach at 209 E Bay Front, Newport Beach, CA, 92662 projects strong ROI of 16.57%. Rental yield 6.19%. With 5% annual appreciation, the property builds $2,541,790 in value over five years. Equity growth combined delivers a projected five-year ROI of 84.83%, translating into $2,528,643 in total cumulative return on $2,980,800 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1981
2,975 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92662, Newport Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,012 (100%) |
| Owner Occupied HU | 704 (35.0%) |
| Renter Occupied HU | 669 (33.3%) |
| Vacant Housing Units | 639 (31.8%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,024,545 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,746
Multi-Family
16
Businesses
198
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Listed by: Lily Campbell • First Team Real Estate
Mls Name: CRMLS
Mls Provider:
Mls ID: #OC24088612
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information