24 Cormorant CirNewport BeachCA92660
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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
Investment property for sale in Newport Beach at 24 Cormorant Cir, Newport Beach, CA, 92660 listed at $1,999,000 pairs $6,047/mo rent with a $9,784/mo payment. Total monthly income runs $6,047/mo. Return on cash invested measures 8.66% in year one, and rental yield registers 3.63% at a $1,999,000 basis. Equity gained on principal adds $12,899/yr, and annual property appreciation at 5% supports $552,287 by year five. Five-year ROI tracks 42.42% and total cumulative return in cash totals $274,769. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,047/mo property income relative to a $9,784/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
3,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92660, Newport Beach, CA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,761
Single Family
12,051
Multi-Family
4,710
Businesses
3,322
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Listed by: Debra Mathison • Berkshire Hathaway HomeService
Mls Name: CRMLS
Mls ID: #OC25272134