2330 Vanguard Way APT L101, Costa Mesa, CA, 92626 | 5.39% Rental Yield

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2330 Vanguard Way APT L101, Costa Mesa, CA, 92626 | 5.39% 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 Costa Mesa at 2330 Vanguard Way APT L101, Costa Mesa, CA, 92626 generates $3,587/mo in rent, after a $3,911/mo payment. Total monthly income is $3,587/mo. Return on cash invested sits at 13.87% in year one, and rental yield is 5.39% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 70.41% and total cumulative return in cash sums $185,094. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,587/mo property income rather than buyer’s personal income.

Condo

Built in 1985

4.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to one of the most unique homes for sale in the Newport Landing community. This rare carriage unit is one of only three in the entire neighborhood. Meaning it has no shared walls with any neighbors. Adding to its exclusivity, it comes with two full-size garages attached to the home, a true rarity here. Inside, you will find two spacious bedrooms, two full bathrooms, real hardwood flooring, and abundant natural light throughout. The kitchen features granite counters, new appliances, and peaks into the dining room. From the dining room youll exit a large sliding door leading to a charming back patio, here you can enjoy an incredible view of the Vanguard College baseball field. Taking the steps down you will find a quaint and maintained backyard space with room for outdoor dining and BBQing. The community offers two pools, two Jacuzzis, lush landscaping, and nightly security sweeps for peace of mind. There are plenty of walking and biking paths, and the location is just unbeatable. Minutes to Hoag Hospital, John Wayne Airport, and a wide selection of excellent shops, restaurants, and activities. Additionally, a short bike ride will take you to the weekly farmers market or OCC. This is not your typical condo, flagship unit opportunities like this do not come around often.

Neighborhood Data

Neighborhood data shown for ZIP Code: 92626, Costa Mesa, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,117 (100%)
Owner Occupied HU	8,243 (39.0%)
Renter Occupied HU	11,814 (55.9%)
Vacant Housing Units	1,060 ( 5.0%)
Median Home Value	$1,147,569
Average Home Value	$1,203,260