219 RodeoIrvineCA92602
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 219 Rodeo, Irvine, CA, 92602 in Irvine offers a clean, manageable entry. Rental yield 6.07%. DSCR 1.12 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $442,050 in additional property value over five years, with $14,736/yr in principal equity building ownership stake. Total projected cumulative return: $459,110.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 5.1% |
| Monthly Cash Flow | $(2,328) | $300 |
City averages based on Irvine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,088 |
| Total Monthly Debt Service | $9,779 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2016
N/A lot
$N/A/sqft
$430 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92602, Irvine, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,965 (100%) |
| Owner Occupied HU | 6,028 (50.4%) |
| Renter Occupied HU | 4,980 (41.6%) |
| Vacant Housing Units | 957 ( 8.0%) |
| Median Home Value | $1,421,741 |
| Average Home Value | $1,476,596 |
Housing Distribution
Address Breakdown
Residential
11,610
Single Family
8,344
Multi-Family
3,266
Businesses
1,280
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2016
N/A lot
$N/A/sqft
$430 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92602, Irvine, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,965 (100%) |
| Owner Occupied HU | 6,028 (50.4%) |
| Renter Occupied HU | 4,980 (41.6%) |
| Vacant Housing Units | 957 ( 8.0%) |
| Median Home Value | $1,421,741 |
| Average Home Value | $1,476,596 |
Housing Distribution
Address Breakdown
Residential
11,610
Single Family
8,344
Multi-Family
3,266
Businesses
1,280
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices