2909 S Rita WaySanta AnaCA92704
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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 Santa Ana at 2909 S Rita Way, Santa Ana, CA, 92704 generates $6,614/mo in rent, after a $6,847/mo payment. Total monthly income is $6,614/mo. Return on cash invested sits at 14.97% in year one, and rental yield is 5.67% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 76.24% and total cumulative return in cash sums $345,593. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,614/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
6,000 sqft lot
$N/A/sqft
No 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
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Listed by: Teresa Knoll • First Team Real Estate North Tustin
Mls Name: CRMLS
Mls ID: #PW25259396