397 8th StNorcoCA92860
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 Norco at 397 8th St, Norco, CA, 92860 generates $4,451/mo in rent, after a $4,158/mo payment. Total monthly income is $4,451/mo. Return on cash invested sits at 16.61% in year one, and rental yield is 6.29% on a $849,500 entry. Equity gained on principal adds $5,482/yr, while 5% annual appreciation builds toward $234,701 over five years. Five-year ROI reaches 85.1% and total cumulative return in cash sums $237,837. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,451/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92860, Norco, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,267 (100%) |
| Owner Occupied HU | 5,811 (80.0%) |
| Renter Occupied HU | 1,270 (17.5%) |
| Vacant Housing Units | 186 ( 2.6%) |
| Median Home Value | $757,693 |
| Average Home Value | $787,986 |
Housing Distribution
Address Breakdown
Residential
7,112
Single Family
6,937
Multi-Family
175
Businesses
1,292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marcie Campbell • Gold Real Estate
Mls Name: CRMLS
Mls ID: #IG25200012