2874 Echo Springs DrCoronaCA92883
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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 Corona at 2874 Echo Springs Dr, Corona, CA, 92883 offers a 7.77% rental yield on a $625,000 purchase with $4,049/mo rent. Total monthly income registers $4,049/mo, and a $3,059/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,192/yr on $205,625 to close, and return on cash invested stands at 21.13% in year one. Equity gained on principal adds $4,033/yr while 5% annual appreciation supports $172,676 over five years. Portfolio math shows five-year ROI at 109.33% and total cumulative return in cash at $224,809. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,049/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
2,152 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92883, Corona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,884 (100%) |
| Owner Occupied HU | 10,906 (78.6%) |
| Renter Occupied HU | 2,284 (16.5%) |
| Vacant Housing Units | 694 ( 5.0%) |
| Median Home Value | $723,748 |
| Average Home Value | $760,276 |
Housing Distribution
Address Breakdown
Residential
12,880
Single Family
11,569
Multi-Family
1,311
Businesses
381
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Listed by: Jon Perez • First Team Real Estate
Mls Name: CRMLS
Mls ID: #PW25195429