340 MeritIrvineCA92618
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 340 Merit, Irvine, CA, 92618 listed at $1,289,000 pairs $5,712/mo rent with a $6,309/mo payment. Total monthly income runs $5,712/mo. Return on cash invested measures 13.87% in year one, and rental yield registers 5.32% at a $1,289,000 basis. Equity gained on principal adds $8,318/yr, and annual property appreciation at 5% supports $356,127 by year five. Five-year ROI tracks 70.37% and total cumulative return in cash totals $293,886. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,712/mo property income relative to a $6,309/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92618, Irvine, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,952 (100%) |
| Owner Occupied HU | 11,620 (38.8%) |
| Renter Occupied HU | 14,256 (47.6%) |
| Vacant Housing Units | 4,076 (13.6%) |
| Median Home Value | $1,450,685 |
| Average Home Value | $1,475,721 |
Housing Distribution
Address Breakdown
Residential
28,416
Single Family
20,263
Multi-Family
8,153
Businesses
3,614
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Chang • Millennium Group Realty
Mls Name: CRMLS
Mls ID: #TR25153276