38 Canyon Island Dr #38Newport BeachCA92660
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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 Newport Beach at 38 Canyon Island Dr #38, Newport Beach, CA, 92660 offers a 5.89% rental yield on a $1,475,000 purchase with $7,234/mo rent. 59% in year one. Equity gained on principal adds $9,518/yr while 5% annual appreciation supports $407,515 over five years. Portfolio math shows five-year ROI at 69.58% and total cumulative return in cash at $332,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,234/mo property income against a $7,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
$810 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92660, Newport Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,142 (100%) |
| Owner Occupied HU | 8,382 (46.2%) |
| Renter Occupied HU | 8,058 (44.4%) |
| Vacant Housing Units | 1,702 ( 9.4%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,834,242 |
Housing Distribution
Address Breakdown
Residential
16,761
Single Family
12,051
Multi-Family
4,710
Businesses
3,322
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Listed by: Mark Taylor • Compass
Mls Name: CRMLS
Mls Provider:
Mls ID: #NP25141696
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