637 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
Rental property for sale in Costa Mesa at 637 Cardiff Reef, Costa Mesa, CA, 92627 priced at $1,500,000 converts $4,688/mo rent into after a $7,342/mo obligation. Total monthly income equals $4,688/mo. Return on cash invested prints 9.03% in year one, and rental yield reads 3.75% against a $1,500,000 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation compiles into $414,422 by year five. Five-year ROI reaches 44.42% and total cumulative return in cash sums $215,879. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,688/mo property income covering a $7,342/mo payment, not borrower’s personal income.
Single Family
Built in 2019
2.01 Acres 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: Ryan Khosh • Berkshire Hathaway HomeService
Mls Name: CRMLS
Mls ID: #NP25272565