23820 Ironwood Ave #20Moreno ValleyCA92557
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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
Rental property for sale in Moreno Valley at 23820 Ironwood Ave #20, Moreno Valley, CA, 92557 generates $954/mo in rent and, after a $587/mo payment, leaves $212/mo in cash flow. Total monthly income is $954/mo, and annual cash flow is $2,546/yr on $39,747 invested. Return on cash invested sits at 26.31% in year one, and rental yield is 9.55% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 137.31% and total cumulative return in cash sums $54,576. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $954/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92557, Moreno Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,398 (100%) |
| Owner Occupied HU | 10,475 (63.9%) |
| Renter Occupied HU | 5,430 (33.1%) |
| Vacant Housing Units | 493 ( 3.0%) |
| Median Home Value | $568,223 |
| Average Home Value | $582,186 |
Housing Distribution
Address Breakdown
Residential
15,916
Single Family
14,393
Multi-Family
1,523
Businesses
326
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Listed by: Marina Joffe • HomeQuest
Mls Name: My State MLS
Mls ID: #11400172