59 Oldenburg LnNorcoCA92860
Nearby investment properties with comparable rents
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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 59 Oldenburg Ln, Norco, CA, 92860 priced at $1,224,900 pairs $4,716/mo rent with after a $5,995/mo payment. Total monthly income equals $4,716/mo. Return on cash invested is 11.72% in year one, and rental yield stands at 4.62% on a $1,224,900 basis. Equity gained on principal adds $7,904/yr, and 5% annual appreciation accumulates to $338,417 by year five. Five-year ROI measures 58.82% and total cumulative return in cash reaches $233,429. For financing, Ziffy Mortgage’s DSCR program evaluates $4,716/mo property income against a $5,995/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
0.75 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: Janice Radcliffe • First Team Real Estate
Mls Name: CRMLS
Mls ID: #IG25161055