307 S Smith Ave TRLR 65CoronaCA92882
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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 Corona at 307 S Smith Ave TRLR 65, Corona, CA, 92882 generates $1,494/mo in rent and, after a $974/mo payment, leaves $263/mo in cash flow. Total monthly income is $1,494/mo, and annual cash flow is $3,155/yr on $65,969 invested. Return on cash invested sits at 24.69% in year one, and rental yield is 9.01% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 128.45% and total cumulative return in cash sums $84,738. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,494/mo property income rather than buyer’s personal income.
Manufactured
Built in 1981
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: Deborah Guy • Homesmart Key Realty
Mls Name: CRMLS
Mls ID: #HD25201490