23820 Ironwood Ave SPACE 61Moreno 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 61, Moreno Valley, CA, 92557 uses $64,643 cash to close to unlock $3,877/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $1,529/mo, and a $954/mo payment keeps the spread at $323/mo. Purchase price stands at $195,000, and rental yield measures 9.41% with $1,529/mo rent. Return on cash invested shows 25.91% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 135.08% and total cumulative return in cash records $87,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,529/mo property income covering a $954/mo payment rather than investor’s personal income.
Manufactured
Built in 1980
3,049 sqft 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A