6844 Palomar WayRiversideCA92504
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 6844 Palomar Way, Riverside, CA, 92504 in Riverside is narrow, $19/mo net on $3,947/mo rent after the $2,855/mo debt service, but the property operates at break-even-plus, not a loss. At $634,900 with a 7.46% yield, the long-run equity case via 5% appreciation ($175,411 over five years) and $5,847/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.38 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $241,965.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 5.8% |
| Monthly Cash Flow | $19 | $1,850 |
City averages based on Riverside market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,947 |
| Total Monthly Debt Service | $3,675 |
| DSCR Ratio | 1.07x |
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.
Single Family
Built in 1948
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92504, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,519 (100%) |
| Owner Occupied HU | 10,381 (59.3%) |
| Renter Occupied HU | 6,516 (37.2%) |
| Vacant Housing Units | 622 ( 3.6%) |
| Median Home Value | $611,591 |
| Average Home Value | $635,709 |
Housing Distribution
Address Breakdown
Residential
17,408
Single Family
14,345
Multi-Family
3,063
Businesses
1,048
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 1948
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92504, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,519 (100%) |
| Owner Occupied HU | 10,381 (59.3%) |
| Renter Occupied HU | 6,516 (37.2%) |
| Vacant Housing Units | 622 ( 3.6%) |
| Median Home Value | $611,591 |
| Average Home Value | $635,709 |
Housing Distribution
Address Breakdown
Residential
17,408
Single Family
14,345
Multi-Family
3,063
Businesses
1,048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JESUS ESPINOZA • BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Mls Name: CRMLS
Mls ID: #IV25175789