660 S Glassell St APT 84OrangeCA92866
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis is a cash-flow-light asset: 660 S Glassell St APT 84, Orange, CA, 92866 in Orange, $410,000, 7.6% gross yield, $60/mo net income. Consider it a market-entry position, the $2,597/mo rent covers the $1,844/mo payment with a margin, and 5%/yr appreciation is projected to add $113,275 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.41) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $159,365.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 5.2% |
| Monthly Cash Flow | $60 | $1,200 |
City averages based on Orange market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,597 |
| Total Monthly Debt Service | $2,373 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92866, Orange, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,158 (100%) |
| Owner Occupied HU | 2,131 (34.6%) |
| Renter Occupied HU | 3,769 (61.2%) |
| Vacant Housing Units | 258 ( 4.2%) |
| Median Home Value | $948,997 |
| Average Home Value | $1,112,473 |
Housing Distribution
Address Breakdown
Residential
5,938
Single Family
4,702
Multi-Family
1,236
Businesses
608
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
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92866, Orange, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,158 (100%) |
| Owner Occupied HU | 2,131 (34.6%) |
| Renter Occupied HU | 3,769 (61.2%) |
| Vacant Housing Units | 258 ( 4.2%) |
| Median Home Value | $948,997 |
| Average Home Value | $1,112,473 |
Housing Distribution
Address Breakdown
Residential
5,938
Single Family
4,702
Multi-Family
1,236
Businesses
608
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Stonger • Redfin
Mls Name: CRMLS
Mls ID: #OC25217392