375 Central Ave UNIT 83RiversideCA92507
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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 Riverside at 375 Central Ave UNIT 83, Riverside, CA, 92507 uses $114,368 cash to close to unlock $2,404/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $2,335/mo, and a $1,689/mo payment keeps the spread at $200/mo. Purchase price stands at $345,000, and rental yield measures 8.12% with $2,335/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 114.13% and total cumulative return in cash records $130,528. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,335/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92507, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,739 (100%) |
| Owner Occupied HU | 8,330 (35.1%) |
| Renter Occupied HU | 13,515 (56.9%) |
| Vacant Housing Units | 1,894 ( 8.0%) |
| Median Home Value | $607,258 |
| Average Home Value | $625,569 |
Housing Distribution
Address Breakdown
Residential
21,178
Single Family
13,513
Multi-Family
7,665
Businesses
2,260
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Listed by: MILES TURNER • Tower Agency
Mls Name: CRMLS
Mls ID: #IV25218225