3141 Michelson Dr UNIT 1302IrvineCA92612
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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
Total monthly income runs $5,815/mo, and a $7,826/mo payment. Purchase price stands at $1,599,000, and rental yield measures 4.36% with $5,815/mo rent. Return on cash invested shows 10.93% in year one, and 5% annual appreciation builds toward $441,774 over five years. Five-year ROI reaches 54.58% and total cumulative return in cash records $282,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,815/mo property income covering a $7,826/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92612, Irvine, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,591 (100%) |
| Owner Occupied HU | 4,561 (25.9%) |
| Renter Occupied HU | 11,042 (62.8%) |
| Vacant Housing Units | 1,988 (11.3%) |
| Median Home Value | $1,069,756 |
| Average Home Value | $1,221,478 |
Housing Distribution
Address Breakdown
Residential
15,886
Single Family
8,746
Multi-Family
7,140
Businesses
1,383
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Listed by: Kamran Montazami • RE/MAX Premier Realty
Mls Name: CRMLS
Mls ID: #OC25218588