489 Branding Iron WayNorcoCA92860
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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 Norco at 489 Branding Iron Way, Norco, CA, 92860 offers $5,066/mo rent that, after a $6,118/mo payment. Total monthly income is $5,066/mo. Return on cash invested measures 12.47% in year one, and rental yield stands at 4.86% at a $1,250,000 entry. Equity gained on principal adds $8,066/yr while 5% annual appreciation compounds into $345,352 by year five. Five-year ROI records 62.84% and total cumulative return in cash reaches $254,521. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,066/mo property income versus a $6,118/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.61 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
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Listed by: Natalie Wemmer • Century 21 Masters
Mls Name: CRMLS
Mls ID: #SW24190424