3424 W Washington Ave #228Santa AnaCA92703
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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 Santa Ana at 3424 W Washington Ave #228, Santa Ana, CA, 92703 offers a 8.64% rental yield on a $279,900 purchase with $2,015/mo rent. Total monthly income registers $2,015/mo, and a $1,370/mo payment leaves $283/mo available for distribution. Annual cash flow reaches $3,402/yr on $92,787 to close, and return on cash invested stands at 23.57% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 122.53% and total cumulative return in cash at $113,689. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,015/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92703, Santa Ana, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,968 (100%) |
| Owner Occupied HU | 6,488 (46.4%) |
| Renter Occupied HU | 7,051 (50.5%) |
| Vacant Housing Units | 429 ( 3.1%) |
| Median Home Value | $629,303 |
| Average Home Value | $638,125 |
Housing Distribution
Address Breakdown
Residential
14,117
Single Family
11,338
Multi-Family
2,779
Businesses
1,108
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Listed by: Marti Robles • New Century Realtors
Mls Name: CRMLS
Mls ID: #PW25167690