242 E 6th StPerrisCA92570
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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 Perris at 242 E 6th St, Perris, CA, 92570 generates $3,252/mo in rent and, after a $2,374/mo payment, leaves $252/mo in cash flow. Total monthly income is $3,252/mo, and annual cash flow is $3,018/yr on $160,778 invested. Return on cash invested sits at 21.79% in year one, and rental yield is 8.05% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 112.92% and total cumulative return in cash sums $181,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,252/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92570, Perris, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,545 (100%) |
| Owner Occupied HU | 10,603 (64.1%) |
| Renter Occupied HU | 5,198 (31.4%) |
| Vacant Housing Units | 744 ( 4.5%) |
| Median Home Value | $582,433 |
| Average Home Value | $608,559 |
Housing Distribution
Address Breakdown
Residential
15,141
Single Family
14,473
Multi-Family
668
Businesses
472
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Listed by: Ezio Sanchez • eXp Realty of Southern California
Mls Name: CRMLS
Mls ID: #IG25248713