2859 S Fairview St UNIT CSanta AnaCA92704
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2859 S Fairview St UNIT C, Santa Ana, CA, 92704 in Santa Ana hard to pass up. The 10.41% gross yield on a $408,888 purchase results in $3,548/mo in rent and $666/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.93). Annual cash flow of $7,986, five-year appreciation of $112,968, and $3,766/yr in equity build-up combine for a projected total cumulative return of $199,380.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.0% |
| Monthly Cash Flow | $666 | $1,500 |
City averages based on Santa Ana market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,548 |
| Total Monthly Debt Service | $2,720 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
$348 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92704, Santa Ana, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,507 (100%) |
| Owner Occupied HU | 10,907 (50.7%) |
| Renter Occupied HU | 10,121 (47.1%) |
| Vacant Housing Units | 479 ( 2.2%) |
| Median Home Value | $702,462 |
| Average Home Value | $751,073 |
Housing Distribution
Address Breakdown
Residential
20,361
Single Family
17,247
Multi-Family
3,114
Businesses
2,302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1974
N/A lot
$N/A/sqft
$348 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92704, Santa Ana, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,507 (100%) |
| Owner Occupied HU | 10,907 (50.7%) |
| Renter Occupied HU | 10,121 (47.1%) |
| Vacant Housing Units | 479 ( 2.2%) |
| Median Home Value | $702,462 |
| Average Home Value | $751,073 |
Housing Distribution
Address Breakdown
Residential
20,361
Single Family
17,247
Multi-Family
3,114
Businesses
2,302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices