5585 Norman WayRiversideCA92504
Nearby investment properties with comparable rents
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 Riverside at 5585 Norman Way, Riverside, CA, 92504 generates $3,007/mo in rent, after a $2,594/mo payment. Total monthly income is $3,007/mo. Return on cash invested sits at 18.19% in year one, and rental yield is 6.81% on a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 93.6% and total cumulative return in cash sums $163,219. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,007/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92504, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,519 (100%) |
| Owner Occupied HU | 10,381 (59.3%) |
| Renter Occupied HU | 6,516 (37.2%) |
| Vacant Housing Units | 622 ( 3.6%) |
| Median Home Value | $611,591 |
| Average Home Value | $635,709 |
Housing Distribution
Address Breakdown
Residential
17,408
Single Family
14,345
Multi-Family
3,063
Businesses
1,048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CECELIA CARTER • CECELIA CARTER BROKER
Mls Name: CRMLS
Mls ID: #IV25172647