620 Cardiff ReefCosta MesaCA92627
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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 Costa Mesa at 620 Cardiff Reef, Costa Mesa, CA, 92627 offers a 4.99% rental yield on a $1,698,000 purchase with $7,056/mo rent. 85% in year one. Equity gained on principal adds $10,957/yr while 5% annual appreciation supports $469,126 over five years. Portfolio math shows five-year ROI at 64.88% and total cumulative return in cash at $356,919. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,056/mo property income against a $8,311/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92627, Costa Mesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,560 (100%) |
| Owner Occupied HU | 8,601 (35.0%) |
| Renter Occupied HU | 14,785 (60.2%) |
| Vacant Housing Units | 1,174 ( 4.8%) |
| Median Home Value | $1,149,319 |
| Average Home Value | $1,200,235 |
Housing Distribution
Address Breakdown
Residential
23,652
Single Family
16,377
Multi-Family
7,275
Businesses
2,973
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Listed by: Ricky Zhang • Keller Williams Realty Irvine
Mls Name: CRMLS
Mls ID: #OC25273548