23820 Ironwood Ave SPACE 19Moreno ValleyCA92557
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
Investment Highlights
Investment property for sale in Moreno Valley at 23820 Ironwood Ave SPACE 19, Moreno Valley, CA, 92557 uses $38,089 cash to close to unlock $2,059/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $882/mo, and a $562/mo payment keeps the spread at $172/mo. Purchase price stands at $114,900, and rental yield measures 9.21% with $882/mo rent. Return on cash invested shows 25.31% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 131.88% and total cumulative return in cash records $50,234. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $882/mo property income covering a $562/mo payment rather than investor’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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marina Joffe • HomeQuest
Mls Name: My State MLS
Mls ID: #11415680