6770 Palm AveRiversideCA92506
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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 Riverside at 6770 Palm Ave, Riverside, CA, 92506 uses $240,170 cash to close to unlock $6,385/yr annual cash flow and $532/mo monthly cash flow. Total monthly income runs $5,048/mo, and a $3,573/mo payment keeps the spread at $532/mo. Purchase price stands at $730,000, and rental yield measures 8.3% with $5,048/mo rent. Return on cash invested shows 22.72% in year one, and 5% annual appreciation builds toward $201,686 over five years. Five-year ROI reaches 117.89% and total cumulative return in cash records $283,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,048/mo property income covering a $3,573/mo payment rather than investor’s personal income.
Single Family
Built in 1915
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92506, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,600 (100%) |
| Owner Occupied HU | 11,872 (71.5%) |
| Renter Occupied HU | 4,269 (25.7%) |
| Vacant Housing Units | 459 ( 2.8%) |
| Median Home Value | $690,577 |
| Average Home Value | $750,322 |
Housing Distribution
Address Breakdown
Residential
16,241
Single Family
15,487
Multi-Family
754
Businesses
1,263
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Listed by: Marisol Herrera • Century 21 Allstars
Mls Name: CRMLS
Mls ID: #DW25261911