3141 Michelson Dr UNIT 508IrvineCA92612
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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
Investment property for sale in Irvine at 3141 Michelson Dr UNIT 508, Irvine, CA, 92612 listed at $1,235,000 pairs $5,682/mo rent with a $6,045/mo payment. Total monthly income runs $5,682/mo. Return on cash invested measures 14.5% in year one, and rental yield registers 5.52% at a $1,235,000 basis. Equity gained on principal adds $7,969/yr, and annual property appreciation at 5% supports $341,208 by year five. Five-year ROI tracks 73.72% and total cumulative return in cash totals $294,980. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,682/mo property income relative to a $6,045/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
2.32 Acres 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: Marquise Scott • E Realty
Mls Name: CRMLS
Mls ID: #PW25189578