42 Land GrantIrvineCA92618
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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
Rental property for sale in Irvine at 42 Land Grant, Irvine, CA, 92618 offers $6,007/mo rent that, after a $8,223/mo payment. Total monthly income is $6,007/mo. Return on cash invested measures 10.7% in year one, and rental yield stands at 4.29% at a $1,680,000 entry. Equity gained on principal adds $10,841/yr while 5% annual appreciation compounds into $464,153 by year five. Five-year ROI records 53.35% and total cumulative return in cash reaches $290,416. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,007/mo property income versus a $8,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2012
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92618, Irvine, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,952 (100%) |
| Owner Occupied HU | 11,620 (38.8%) |
| Renter Occupied HU | 14,256 (47.6%) |
| Vacant Housing Units | 4,076 (13.6%) |
| Median Home Value | $1,450,685 |
| Average Home Value | $1,475,721 |
Housing Distribution
Address Breakdown
Residential
28,416
Single Family
20,263
Multi-Family
8,153
Businesses
3,614
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Listed by: Jordan Wang • Keller Williams Realty Irvine
Mls Name: CRMLS
Mls ID: #PW25206096