2899 Menorca CirCoronaCA92881
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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
Total monthly income runs $4,072/mo, and a $3,597/mo payment. Purchase price stands at $735,000, and rental yield measures 6.65% with $4,072/mo rent. Return on cash invested shows 17.71% in year one, and 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 91% and total cumulative return in cash records $220,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,072/mo property income covering a $3,597/mo payment rather than investor’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92881, Corona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,260 (100%) |
| Owner Occupied HU | 7,155 (77.3%) |
| Renter Occupied HU | 1,854 (20.0%) |
| Vacant Housing Units | 251 ( 2.7%) |
| Median Home Value | $756,107 |
| Average Home Value | $796,142 |
Housing Distribution
Address Breakdown
Residential
9,397
Single Family
8,751
Multi-Family
646
Businesses
624
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Listed by: Monique Jansen • Move Home Realty
Mls Name: CRMLS
Mls ID: #IG26015173