3012 Garfield AveCosta MesaCA92626
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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 Costa Mesa at 3012 Garfield Ave, Costa Mesa, CA, 92626 listed at $1,329,000 pairs $5,946/mo rent with a $6,505/mo payment. Total monthly income runs $5,946/mo. Return on cash invested measures 14.03% in year one, and rental yield registers 5.37% at a $1,329,000 basis. Equity gained on principal adds $8,576/yr, and annual property appreciation at 5% supports $367,178 by year five. Five-year ROI tracks 71.21% and total cumulative return in cash totals $306,612. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,946/mo property income relative to a $6,505/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92626, Costa Mesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,117 (100%) |
| Owner Occupied HU | 8,243 (39.0%) |
| Renter Occupied HU | 11,814 (55.9%) |
| Vacant Housing Units | 1,060 ( 5.0%) |
| Median Home Value | $1,147,569 |
| Average Home Value | $1,203,260 |
Housing Distribution
Address Breakdown
Residential
20,900
Single Family
14,491
Multi-Family
6,409
Businesses
3,391
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Listed by: Kip Hancock • Torelli Realty
Mls Name: CRMLS
Mls ID: #PW25280971