31471 Oceanview Dr, Running Springs, CA, 92382 | $405/mo Cash Flow

For Sale

Airbnb Potential

Listed for sale 7 days ago

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 Running Springs at 31471 Oceanview Dr, Running Springs, CA, 92382 listed at $424,000 pairs $3,028/mo rent with a $2,075/mo payment to leave $405/mo cash flow. Total monthly income runs $3,028/mo, and annual cash flow reaches $4,864/yr on $140,556 cash to close. Return on cash invested measures 23.37% in year one, and rental yield registers 8.57% at a $424,000 basis. Equity gained on principal adds $2,736/yr, and annual property appreciation at 5% supports $117,143 by year five. Five-year ROI tracks 121.41% and total cumulative return in cash totals $170,655. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,028/mo property income relative to a $2,075/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1999

6,375 sqft lot

$N/A/sqft

No HOA

More details about the property

Level entry 3 bedroom 2 bathroom home in the heart of Running Springs. Seller has recently installed vinyl flooring and completely remodeled kitchen with new Quartz countertops and new cabinets for buyer. Step in to the living room to find vaulted ceilings and a river rock fireplace as well as access to outside deck with peekaboo views of the valley below. The main floor also has 2 bedrooms and a full bathroom. Down the stairs is the primary bedroom with spacious walk in closet, bathroom and another bonus room, workshop/storage area and closet for washer and dryer. Fully fenced yard and outdoor usable space for furry friends, outdoor play AND additional driveway to access side yard! Functional and inviting floor plan ensures comfort for every day living or weekend getaways!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92382, Running Springs, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,947 (100%)
Owner Occupied HU	1,858 (47.1%)
Renter Occupied HU	545 (13.8%)
Vacant Housing Units	1,544 (39.1%)
Median Home Value	$492,337
Average Home Value	$578,103