24404 Bay AveMoreno ValleyCA92553
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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 Moreno Valley at 24404 Bay Ave, Moreno Valley, CA, 92553 generates $2,695/mo in rent and, after a $1,713/mo payment, leaves $530/mo in cash flow. Total monthly income is $2,695/mo, and annual cash flow is $6,359/yr on $116,025 invested. Return on cash invested sits at 25.39% in year one, and rental yield is 9.24% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 132.22% and total cumulative return in cash sums $153,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,695/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92553, Moreno Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,101 (100%) |
| Owner Occupied HU | 10,443 (49.5%) |
| Renter Occupied HU | 10,160 (48.1%) |
| Vacant Housing Units | 498 ( 2.4%) |
| Median Home Value | $473,832 |
| Average Home Value | $548,663 |
Housing Distribution
Address Breakdown
Residential
20,540
Single Family
16,894
Multi-Family
3,646
Businesses
1,520
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Listed by: Tricia Poissonnier • HomeSmart, Evergreen Realty
Mls Name: CRMLS
Mls ID: #OC25269438