2404 Niagara WayCosta MesaCA92626
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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 Costa Mesa at 2404 Niagara Way, Costa Mesa, CA, 92626 generates $4,844/mo in rent, after a $4,444/mo payment. Total monthly income is $4,844/mo. Return on cash invested sits at 16.96% in year one, and rental yield is 6.4% on a $908,000 entry. Equity gained on principal adds $5,859/yr, while 5% annual appreciation builds toward $250,864 over five years. Five-year ROI reaches 86.98% and total cumulative return in cash sums $259,839. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,844/mo property income rather than buyer’s personal income.
Townhouse
Built in 1965
1,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92626, Costa Mesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,117 (100%) |
| Owner Occupied HU | 8,243 (39.0%) |
| Renter Occupied HU | 11,814 (55.9%) |
| Vacant Housing Units | 1,060 ( 5.0%) |
| Median Home Value | $1,147,569 |
| Average Home Value | $1,203,260 |
Housing Distribution
Address Breakdown
Residential
20,900
Single Family
14,491
Multi-Family
6,409
Businesses
3,391
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Listed by: Holly McDonald • Compass Newport Beach
Mls Name: CRMLS
Mls ID: #PW25248947