38 Sea Island DrNewport BeachCA92660
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
Rental property for sale in Newport Beach at 38 Sea Island Dr, Newport Beach, CA, 92660 priced at $1,015,000 pairs $3,891/mo rent with after a $4,968/mo payment. Total monthly income equals $3,891/mo. Return on cash invested is 11.66% in year one, and rental yield stands at 4.6% on a $1,015,000 basis. Equity gained on principal adds $6,550/yr, and 5% annual appreciation accumulates to $280,426 by year five. Five-year ROI measures 58.48% and total cumulative return in cash reaches $192,309. For financing, Ziffy Mortgage’s DSCR program evaluates $3,891/mo property income against a $4,968/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1977
10,000 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Lorimer • PLG Estates
Mls Name: CLAW
Mls ID: #26634095