215 Lakepark DrPlacentiaCA92870
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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 Placentia at 215 Lakepark Dr, Placentia, CA, 92870 priced at $309,900 converts $2,231/mo rent into $314/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,231/mo, and annual cash flow totals $3,765/yr on $102,732 invested. Return on cash invested prints 23.57% in year one, and rental yield reads 8.64% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 122.5% and total cumulative return in cash sums $125,844. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,231/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Manufactured
Built in 1978
17.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92870, Placentia, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 10,947 (60.2%) |
| Renter Occupied HU | 6,717 (36.9%) |
| Vacant Housing Units | 519 ( 2.9%) |
| Median Home Value | $938,079 |
| Average Home Value | $998,754 |
Housing Distribution
Address Breakdown
Residential
17,810
Single Family
15,727
Multi-Family
2,083
Businesses
1,331
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Listed by: Nicole Griffin • Impact Real Estate
Mls Name: CRMLS
Mls ID: #OC26001383