429 Colfax CirCoronaCA92879
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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 Corona at 429 Colfax Cir, Corona, CA, 92879 offers $4,549/mo rent that, after a $3,915/mo payment. Total monthly income is $4,549/mo. Return on cash invested measures 18.24% in year one, and rental yield stands at 6.82% at a $799,900 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $220,998 by year five. Five-year ROI records 93.85% and total cumulative return in cash reaches $246,984. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,549/mo property income versus a $3,915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92879, Corona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,612 (100%) |
| Owner Occupied HU | 8,245 (52.8%) |
| Renter Occupied HU | 6,723 (43.1%) |
| Vacant Housing Units | 644 ( 4.1%) |
| Median Home Value | $629,879 |
| Average Home Value | $652,045 |
Housing Distribution
Address Breakdown
Residential
14,680
Single Family
12,585
Multi-Family
2,095
Businesses
1,506
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Listed by: Justin Tye • Real Broker
Mls Name: CRMLS
Mls ID: #OC25222650