307 S Smith AveCoronaCA92882
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Corona at 307 S Smith Ave, Corona, CA, 92882 priced at $165,000 pairs $1,306/mo rent with $285/mo cash flow after a $808/mo payment. Total monthly income equals $1,306/mo, and annual cash flow comes to $3,418/yr on $54,698 invested. Return on cash invested is 26.16% in year one, and rental yield stands at 9.5% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 136.37% and total cumulative return in cash reaches $74,591. For financing, Ziffy Mortgage’s DSCR program evaluates $1,306/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92882, Corona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,191 (100%) |
| Owner Occupied HU | 13,369 (63.1%) |
| Renter Occupied HU | 7,341 (34.6%) |
| Vacant Housing Units | 481 ( 2.3%) |
| Median Home Value | $683,276 |
| Average Home Value | $702,801 |
Housing Distribution
Address Breakdown
Residential
20,879
Single Family
17,524
Multi-Family
3,355
Businesses
1,176
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Listed by: Edward Mazmanian • Re/Max Partners
Mls Name: CRMLS
Mls ID: #IG25281208