2424 W 1st St SPACE 207Santa AnaCA92703
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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 Santa Ana at 2424 W 1st St SPACE 207, Santa Ana, CA, 92703 generates $865/mo in rent and, after a $538/mo payment, leaves $185/mo in cash flow. Total monthly income is $865/mo, and annual cash flow is $2,220/yr on $36,432 invested. Return on cash invested sits at 26% in year one, and rental yield is 9.44% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 135.68% and total cumulative return in cash sums $49,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $865/mo property income rather than buyer’s personal income.
Manufactured
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92703, Santa Ana, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,968 (100%) |
| Owner Occupied HU | 6,488 (46.4%) |
| Renter Occupied HU | 7,051 (50.5%) |
| Vacant Housing Units | 429 ( 3.1%) |
| Median Home Value | $629,303 |
| Average Home Value | $638,125 |
Housing Distribution
Address Breakdown
Residential
14,117
Single Family
11,338
Multi-Family
2,779
Businesses
1,108
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Listed by: Laura Hurtado • Sunrise Homes, Inc
Mls Name: My State MLS
Mls ID: #11453040