55 Open RangeIrvineCA92602
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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
Investment property for sale in Irvine at 55 Open Range, Irvine, CA, 92602 offers a 4.37% rental yield on a $1,928,000 purchase with $7,026/mo rent. 95% in year one. Equity gained on principal adds $12,441/yr while 5% annual appreciation supports $532,671 over five years. Portfolio math shows five-year ROI at 54.72% and total cumulative return in cash at $341,806. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,026/mo property income against a $9,437/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
2,933 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92602, Irvine, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,965 (100%) |
| Owner Occupied HU | 6,028 (50.4%) |
| Renter Occupied HU | 4,980 (41.6%) |
| Vacant Housing Units | 957 ( 8.0%) |
| Median Home Value | $1,421,741 |
| Average Home Value | $1,476,596 |
Housing Distribution
Address Breakdown
Residential
11,610
Single Family
8,344
Multi-Family
3,266
Businesses
1,280
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Listed by: Hui Juan Sha • Realty One Group West
Mls Name: CRMLS
Mls ID: #OC25168741