3096 Panorama Rd APT D, Riverside, CA, 92506 | $816/mo Cash Flow

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3096 Panorama Rd APT D, Riverside, CA, 92506 | $816/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Riverside at 3096 Panorama Rd APT D, Riverside, CA, 92506 offers a 10.48% rental yield on a $320,000 purchase with $2,795/mo rent. Total monthly income registers $2,795/mo, and a $1,566/mo payment leaves $816/mo available for distribution. Annual cash flow reaches $9,788/yr on $106,080 to close, and return on cash invested stands at 29.14% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 152.32% and total cumulative return in cash at $161,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,795/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1963

1,094 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully upgraded 2-bedroom, 2-bathroom corner-unit condo located in the highly desirable Rockledge Gardens communityan ideal opportunity for first-time homebuyers or anyone seeking a low-maintenance lifestyle in the heart of Riverside. As you step inside, you're immediately greeted by a bright, open living space highlighted by fresh modern finishes, neutral paint tones, and upgraded flooring that flows seamlessly throughout. The corner location offers added privacy and an abundance of natural light, making the home feel spacious and inviting. The kitchen has been tastefully remodeled, featuring sleek cabinetry, granite countertops, stainless steel appliances, and a cozy dining nookperfect for morning coffee or casual meals. The adjoining living room provides plenty of space to relax in front of a cozy fire and opens to a private patio where you can unwind and enjoy the breeze. This thoughtful layout includes two generously sized bedrooms, each with ample closet space and direct access to its own full bathroomideal for roommates, guests, or working from home. The primary suite offers a tranquil retreat with an en-suite bathroom and walk-in closet. Location is everything, and this home checks all the boxesjust minutes from Riverside City College (RCC), Downtown Riverside, the Mission Inn, shopping, dining, and major freeways. Whether you're commuting or enjoying a night out, everything you need is just around the corner. Dont miss your chance to own this beautiful condo!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92506, Riverside, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,600 (100%)
Owner Occupied HU	11,872 (71.5%)
Renter Occupied HU	4,269 (25.7%)
Vacant Housing Units	459 ( 2.8%)
Median Home Value	$690,577
Average Home Value	$750,322