4687 Knickerbocker Ln, Riverside, CA, 92501 | $264/mo Cash Flow

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4687 Knickerbocker Ln, Riverside, CA, 92501 | $264/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Riverside at 4687 Knickerbocker Ln, Riverside, CA, 92501 offers a 8.18% rental yield on a $420,000 purchase with $2,862/mo rent. Total monthly income registers $2,862/mo, and a $2,056/mo payment leaves $264/mo available for distribution. Annual cash flow reaches $3,162/yr on $139,230 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 115.02% and total cumulative return in cash at $160,147. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,862/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1975

871 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this thoughtfully updated 2-bedroom, 2 bath condo nestled at the base of the iconic Mt. Rubidoux. Perfectly blending comfort, convenience, and modern style, this inviting residence offers an ideal opportunity for homeowners and investors alike. Step inside to find a bright and open living area featuring fresh upgrades, tasteful finishes, and plenty of natural light. The updated kitchen boasts modern cabinetry, newer countertops, and a seamless flow to the dining and living spacesperfect for everyday living or entertaining friends. Upstairs, youll find two spacious bedrooms, each offering peaceful retreats with generous closet space. The stylishly upgraded bathrooms feature contemporary fixtures and finishes. Enjoy your morning coffee or unwind at sunset on your private patio with views of the surrounding neighborhood. Additional features of this end unit include in-unit laundry, central heating/air, HOA swimming pool and a 2 car garage. Located just minutes from Downtown Riverside, the Mission Inn, Fairmount Park, and the scenic Mt. Rubidoux walking/hiking trails, this condo offers the best of Riverside livingurban convenience with outdoor recreation right at your doorstep. Easy access to the 60, 91, and 215 freeways makes commuting a breeze. Whether youre a first-time buyer, downsizing, or seeking a smart rental investment, this gem is move-in ready and waiting for you. Dont miss your chance to call this charming condo home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92501, Riverside, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,041 (100%)
Owner Occupied HU	3,362 (41.8%)
Renter Occupied HU	4,204 (52.3%)
Vacant Housing Units	475 ( 5.9%)
Median Home Value	$591,080
Average Home Value	$613,928