2243 Martin APT 207, Irvine, CA, 92612 | 6.28% Rental Yield

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2243 Martin APT 207, Irvine, CA, 92612 | 6.28% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Irvine at 2243 Martin APT 207, Irvine, CA, 92612 generates $3,584/mo in rent, after a $3,353/mo payment. Total monthly income is $3,584/mo. Return on cash invested sits at 16.58% in year one, and rental yield is 6.28% on a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation builds toward $189,253 over five years. Five-year ROI reaches 84.96% and total cumulative return in cash sums $191,470. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,584/mo property income rather than buyer’s personal income.

Condo

Built in 1993

0.96 Acres lot

$N/A/sqft

No HOA

More details about the property

Resort style living at The Metropolitan. Very large one bedroom plus den that can be used as an office or second bedroom. Very good location. Only 1 common wall. Beautiful new vinyl flooring in living room and den. Office/den/second bedroom features sliding glass door and drapery for privacy. Kitchen features newer granite countertops, stainless steel electric oven and range, very large stainless refrigerator, dishwasher, front loading washer, and dryer all included in sale. 9-foot ceilings throughout. Highly upgraded Bathroom features dual vanity with stone countertops and cabinets with lots of storage, private toilet & walk in stone lined shower adjacent to large stone cased soaking bathtub. Bedroom has spacious walk-in closet and newer carpeting. Patio is very large with lush tropical landscape and greenbelt views. Close to South Coast Plaza & Fashion Island/ Newport Beach, all the best Orange County has to offer is at your doorstep. Within a few minutes of JW Airport & 3 major freeways this ideal location is for the most cosmopolitan of residents. Features pool, spa, gym & guarded gate. Water, hot water trash and gas are all included in HOA dues. Great opportunity here! Hurry!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92612, Irvine, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,591 (100%)
Owner Occupied HU	4,561 (25.9%)
Renter Occupied HU	11,042 (62.8%)
Vacant Housing Units	1,988 (11.3%)
Median Home Value	$1,069,756
Average Home Value	$1,221,478