3031 Chestnut StRiversideCA92501
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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 3031 Chestnut St, Riverside, CA, 92501 listed at $580,000 pairs $2,910/mo rent with a $2,839/mo payment. Total monthly income runs $2,910/mo. Return on cash invested measures 15.8% in year one, and rental yield registers 6.02% at a $580,000 basis. Equity gained on principal adds $3,743/yr, and annual property appreciation at 5% supports $160,243 by year five. Five-year ROI tracks 80.74% and total cumulative return in cash totals $154,065. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,910/mo property income relative to a $2,839/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92501, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,041 (100%) |
| Owner Occupied HU | 3,362 (41.8%) |
| Renter Occupied HU | 4,204 (52.3%) |
| Vacant Housing Units | 475 ( 5.9%) |
| Median Home Value | $591,080 |
| Average Home Value | $613,928 |
Housing Distribution
Address Breakdown
Residential
7,399
Single Family
6,429
Multi-Family
970
Businesses
1,197
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Listed by: DANNY DELGADO • WESTCOE REALTORS INC
Mls Name: CRMLS
Mls ID: #IV25180817