465 La Costa DrBanningCA92220
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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 Banning at 465 La Costa Dr, Banning, CA, 92220 offers $2,095/mo rent that, after a $1,370/mo payment, leaves $363/mo cash flow. Total monthly income is $2,095/mo, and annual cash flow is $4,362/yr on $92,787 cash. Return on cash invested measures 24.61% in year one, and rental yield stands at 8.98% at a $279,900 entry. Equity gained on principal adds $1,806/yr while 5% annual appreciation compounds into $77,331 by year five. Five-year ROI records 128.06% and total cumulative return in cash reaches $118,825. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,095/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1989
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92220, Banning, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,184 (100%) |
| Owner Occupied HU | 9,545 (67.3%) |
| Renter Occupied HU | 3,802 (26.8%) |
| Vacant Housing Units | 837 ( 5.9%) |
| Median Home Value | $444,674 |
| Average Home Value | $504,781 |
Housing Distribution
Address Breakdown
Residential
12,885
Single Family
12,559
Multi-Family
326
Businesses
695
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Listed by: Martha Peck • CENTURY 21 LOIS LAUER REALTY
Mls Name: CRMLS
Mls ID: #IG25271960