284 NovelIrvineCA92618
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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
Investment property for sale in Irvine at 284 Novel, Irvine, CA, 92618 earns from $4,284/mo rent with a $5,629/mo payment. Total monthly income totals $4,284/mo. ROI tracks 11.25% on current figures, and rental yield reads 4.47% at a $1,150,000 purchase. Equity gained on principal adds $7,421/yr, and 5% annual appreciation supports $317,724 over five years. Five-year ROI reaches 56.33% and total cumulative return in cash sums $209,889. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,284/mo property income instead of your personal income.
Condo
Built in 2018
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92618, Irvine, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,952 (100%) |
| Owner Occupied HU | 11,620 (38.8%) |
| Renter Occupied HU | 14,256 (47.6%) |
| Vacant Housing Units | 4,076 (13.6%) |
| Median Home Value | $1,450,685 |
| Average Home Value | $1,475,721 |
Housing Distribution
Address Breakdown
Residential
28,416
Single Family
20,263
Multi-Family
8,153
Businesses
3,614
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Listed by: Yang Shi • Keller Williams Realty Irvine
Mls Name: CRMLS
Mls ID: #OC25149375