2275 Del Mar Way UNIT 306CoronaCA92882
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 2275 Del Mar Way UNIT 306, Corona, CA, 92882 in Corona is narrow, $177/mo net on $2,342/mo rent after the $1,574/mo debt service, but the property operates at break-even-plus, not a loss. At $349,999 with a 8.03% yield, the long-run equity case via 5% appreciation ($96,698 over five years) and $3,224/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.49 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $144,079.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.2% |
| Monthly Cash Flow | $177 | $300 |
City averages based on Corona market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,342 |
| Total Monthly Debt Service | $2,026 |
| DSCR Ratio | 1.16x |
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.
Condo
Built in 1990
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92882, Corona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,191 (100%) |
| Owner Occupied HU | 13,369 (63.1%) |
| Renter Occupied HU | 7,341 (34.6%) |
| Vacant Housing Units | 481 ( 2.3%) |
| Median Home Value | $683,276 |
| Average Home Value | $702,801 |
Housing Distribution
Address Breakdown
Residential
20,879
Single Family
17,524
Multi-Family
3,355
Businesses
1,176
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 1990
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92882, Corona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,191 (100%) |
| Owner Occupied HU | 13,369 (63.1%) |
| Renter Occupied HU | 7,341 (34.6%) |
| Vacant Housing Units | 481 ( 2.3%) |
| Median Home Value | $683,276 |
| Average Home Value | $702,801 |
Housing Distribution
Address Breakdown
Residential
20,879
Single Family
17,524
Multi-Family
3,355
Businesses
1,176
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiffany Ireland • eXp Realty of California, Inc.
Mls Name: SDMLS
Mls ID: #250042608