308 Villa Point DrNewport BeachCA92660
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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 Newport Beach at 308 Villa Point Dr, Newport Beach, CA, 92660 generates $4,366/mo in rent, after a $4,062/mo payment. Total monthly income is $4,366/mo. Return on cash invested sits at 16.68% in year one, and rental yield is 6.31% on a $830,000 entry. Equity gained on principal adds $5,356/yr, while 5% annual appreciation builds toward $229,314 over five years. Five-year ROI reaches 85.51% and total cumulative return in cash sums $233,502. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,366/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92660, Newport Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,142 (100%) |
| Owner Occupied HU | 8,382 (46.2%) |
| Renter Occupied HU | 8,058 (44.4%) |
| Vacant Housing Units | 1,702 ( 9.4%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,834,242 |
Housing Distribution
Address Breakdown
Residential
16,761
Single Family
12,051
Multi-Family
4,710
Businesses
3,322
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