2404 Niagara WayCosta MesaCA92626
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 2404 Niagara Way, Costa Mesa, CA, 92626 in Costa Mesa offers a clean, manageable entry. Rental yield 6.46%. DSCR 1.20 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $237,602 in additional property value over five years, with $7,921/yr in principal equity building ownership stake. Total projected cumulative return: $281,910.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 5.0% |
| Monthly Cash Flow | $(1,167) | $300 |
City averages based on Costa Mesa market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $4,633 |
| Total Monthly Debt Service | $4,978 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: CRMLS
Mls ID: #PW26044656