308 S Craig DrOrangeCA92869
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 Orange at 308 S Craig Dr, Orange, CA, 92869 priced at $1,599,000 converts $7,008/mo rent into after a $7,826/mo obligation. Total monthly income equals $7,008/mo. Return on cash invested prints 13.69% in year one, and rental yield reads 5.26% against a $1,599,000 entry. Equity gained on principal adds $10,318/yr, while 5% annual appreciation compiles into $441,774 by year five. Five-year ROI reaches 69.4% and total cumulative return in cash sums $359,521. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,008/mo property income covering a $7,826/mo payment, not borrower’s personal income.
Single Family
Built in 1963
8,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92869, Orange, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,095 (100%) |
| Owner Occupied HU | 8,872 (73.4%) |
| Renter Occupied HU | 2,940 (24.3%) |
| Vacant Housing Units | 283 ( 2.3%) |
| Median Home Value | $1,072,388 |
| Average Home Value | $1,183,430 |
Housing Distribution
Address Breakdown
Residential
12,088
Single Family
10,537
Multi-Family
1,551
Businesses
428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LESLIE WILSON • RE/MAX INNOVATIONS
Mls Name: CRMLS
Mls ID: #CV25215236