2243 Pacific Ave #3Costa MesaCA92627
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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 Costa Mesa at 2243 Pacific Ave #3, Costa Mesa, CA, 92627 uses $340,200 cash to close to unlock $3,897/yr annual cash flow and $325/mo monthly cash flow. Total monthly income runs $7,316/mo, and a $5,139/mo payment keeps the spread at $325/mo. Purchase price stands at $1,050,000, and rental yield measures 8.36% with $7,316/mo rent. Return on cash invested shows 21.52% in year one, and 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 111.98% and total cumulative return in cash records $380,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,316/mo property income covering a $5,139/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$496 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92627, Costa Mesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,560 (100%) |
| Owner Occupied HU | 8,601 (35.0%) |
| Renter Occupied HU | 14,785 (60.2%) |
| Vacant Housing Units | 1,174 ( 4.8%) |
| Median Home Value | $1,149,319 |
| Average Home Value | $1,200,235 |
Housing Distribution
Address Breakdown
Residential
23,652
Single Family
16,377
Multi-Family
7,275
Businesses
2,973
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Listed by: Elaina Marshall • Coldwell Banker Top Team
Mls Name: CRMLS
Mls Provider:
Mls ID: #TR24185977
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