3024 Wendell WayRiversideCA92507
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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 Riverside at 3024 Wendell Way, Riverside, CA, 92507 earns from $3,239/mo rent with a $2,692/mo payment. Total monthly income totals $3,239/mo. ROI tracks 18.98% on current figures, and rental yield reads 7.07% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 97.81% and total cumulative return in cash sums $176,986. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,239/mo property income instead of your personal income.
Single Family
Built in 1958
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92507, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,739 (100%) |
| Owner Occupied HU | 8,330 (35.1%) |
| Renter Occupied HU | 13,515 (56.9%) |
| Vacant Housing Units | 1,894 ( 8.0%) |
| Median Home Value | $607,258 |
| Average Home Value | $625,569 |
Housing Distribution
Address Breakdown
Residential
21,178
Single Family
13,513
Multi-Family
7,665
Businesses
2,260
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Listed by: GARY ZENDEJAS • LPT Realty, Inc
Mls Name: CRMLS
Mls ID: #IG25240025