3408 Spring Wheat StPerrisCA92570
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 3408 Spring Wheat St, Perris, CA, 92570 in Perris: $4,836/mo in rent, $389/mo in net income, 9.29% gross yield, 1.72 DSCR, all at $624,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $172,648 in appreciation and $5,755/yr in principal paydown projects total cumulative return of $264,505.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.5% |
| Monthly Cash Flow | $389 | $350 |
City averages based on Perris market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,836 |
| Total Monthly Debt Service | $4,198 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2021
5,153 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92570, Perris, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,545 (100%) |
| Owner Occupied HU | 10,603 (64.1%) |
| Renter Occupied HU | 5,198 (31.4%) |
| Vacant Housing Units | 744 ( 4.5%) |
| Median Home Value | $582,433 |
| Average Home Value | $608,559 |
Housing Distribution
Address Breakdown
Residential
15,141
Single Family
14,473
Multi-Family
668
Businesses
472
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
Single Family
Built in 2021
5,153 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92570, Perris, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,545 (100%) |
| Owner Occupied HU | 10,603 (64.1%) |
| Renter Occupied HU | 5,198 (31.4%) |
| Vacant Housing Units | 744 ( 4.5%) |
| Median Home Value | $582,433 |
| Average Home Value | $608,559 |
Housing Distribution
Address Breakdown
Residential
15,141
Single Family
14,473
Multi-Family
668
Businesses
472
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices