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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newport Beach at 238 Plymouth Ave, Newport Beach, CA, 92660 priced at $435,000 converts $9,113/mo rent into $6,422/mo cash flow after a $2,129/mo obligation. Total monthly income equals $9,113/mo, and annual cash flow totals $77,065/yr on $144,203 invested. Return on cash invested prints 73.35% in year one, and rental yield reads 25.14% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 389.44% and total cumulative return in cash sums $561,588. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,113/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Manufactured
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 92660, Newport Beach, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,142 (100%) |
| Owner Occupied HU | 8,382 (46.2%) |
| Renter Occupied HU | 8,058 (44.4%) |
| Vacant Housing Units | 1,702 ( 9.4%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,834,242 |
Residential
16,761
Single Family
12,051
Multi-Family
4,710
Businesses
3,322
Date | Event | Price |
|---|---|---|
| 2024-07-25 | Price change | $435,000 |
| 2024-07-06 | Price change | $437,000 |
| 2024-06-17 | Price change | $439,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-04 | $62.66 | -0.32% | $5,998 | N/A |
| 2022-09-04 | $62.86 | -0.03% | $5,998 | N/A |
| 2021-09-04 | $62.88 | -0.10% | $5,998 | N/A |
Listed by: Marilyn Williams • Coldwell Banker Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #NP24009315
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
