2649 Elden Ave APT ECosta MesaCA92627
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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 2649 Elden Ave APT E, Costa Mesa, CA, 92627 generates $5,411/mo in rent, after a $5,873/mo payment. Total monthly income is $5,411/mo. Return on cash invested sits at 14.16% in year one, and rental yield is 5.41% on a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 71.9% and total cumulative return in cash sums $279,551. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,411/mo property income rather than buyer’s personal income.
Townhouse
Built in 1984
1,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92627, Costa Mesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,560 (100%) |
| Owner Occupied HU | 8,601 (35.0%) |
| Renter Occupied HU | 14,785 (60.2%) |
| Vacant Housing Units | 1,174 ( 4.8%) |
| Median Home Value | $1,149,319 |
| Average Home Value | $1,200,235 |
Housing Distribution
Address Breakdown
Residential
23,652
Single Family
16,377
Multi-Family
7,275
Businesses
2,973
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Listed by: Ashley Schisler • Compass
Mls Name: CRMLS
Mls ID: #OC25223884