664 Ross StCosta MesaCA92627
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.78% gross rental yield, 664 Ross St, Costa Mesa, CA, 92627 in Costa Mesa is priced for capital growth, not immediate cash flow. The $1,099,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $303,633 by year five, with $10,122/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.07) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $320,143.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 5.0% |
| Monthly Cash Flow | $(1,501) | $300 |
City averages based on Costa Mesa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,298 |
| Total Monthly Debt Service | $6,361 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1955
6,600 sqft 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
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
Single Family
Built in 1955
6,600 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Audrey Savopolos • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #NP25251883