221 WaypointTustinCA92782
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 221 Waypoint, Tustin, CA, 92782 in Tustin at $1,199,000 earns $7,885/mo in rent and nets $168/mo after the $5,391/mo payment, a 7.89% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $331,262 over five years. Ziffy Mortgage underwrites this on a 1.46 DSCR without U.S. credit history. With $11,043/yr in principal paydown, total projected return reaches $466,776.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.0% |
| Monthly Cash Flow | $168 | $300 |
City averages based on Tustin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,885 |
| Total Monthly Debt Service | $7,240 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Townhouse
Built in 2020
1,500 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92782, Tustin, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,661 (100%) |
| Owner Occupied HU | 6,659 (57.1%) |
| Renter Occupied HU | 4,552 (39.0%) |
| Vacant Housing Units | 450 ( 3.9%) |
| Median Home Value | $1,253,612 |
| Average Home Value | $1,308,362 |
Housing Distribution
Address Breakdown
Residential
11,509
Single Family
7,272
Multi-Family
4,237
Businesses
312
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
Townhouse
Built in 2020
1,500 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92782, Tustin, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,661 (100%) |
| Owner Occupied HU | 6,659 (57.1%) |
| Renter Occupied HU | 4,552 (39.0%) |
| Vacant Housing Units | 450 ( 3.9%) |
| Median Home Value | $1,253,612 |
| Average Home Value | $1,308,362 |
Housing Distribution
Address Breakdown
Residential
11,509
Single Family
7,272
Multi-Family
4,237
Businesses
312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices