320 Ridgelake DrPlacentiaCA92870
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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 Placentia at 320 Ridgelake Dr, Placentia, CA, 92870 generates $6,335/mo in rent and, after a $1,219/mo payment, leaves $4,794/mo in cash flow. Total monthly income is $6,335/mo, and annual cash flow is $57,532/yr on $82,544 invested. Return on cash invested sits at 89.61% in year one, and rental yield is 30.53% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 476.65% and total cumulative return in cash sums $393,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,335/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92870, Placentia, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,183 (100%) |
| Owner Occupied HU | 10,947 (60.2%) |
| Renter Occupied HU | 6,717 (36.9%) |
| Vacant Housing Units | 519 ( 2.9%) |
| Median Home Value | $938,079 |
| Average Home Value | $998,754 |
Housing Distribution
Address Breakdown
Residential
17,810
Single Family
15,727
Multi-Family
2,083
Businesses
1,331
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Listed by: Gladys Ramos Pemper • onyxmanufacturedhomes.com
Mls Name: My State MLS
Mls ID: #11159718