6979 Palm Ct APT 104-A, Riverside, CA, 92506 | $1,101/mo Cash Flow

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6979 Palm Ct APT 104-A, Riverside, CA, 92506 | $1,101/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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6979 Palm Ct APT 105B, Riverside, CA, 92506

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

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Investment Highlights

Rental property for sale in Riverside at 6979 Palm Ct APT 104-A, Riverside, CA, 92506 generates $3,112/mo in rent and, after a $1,591/mo payment, leaves $1,101/mo in cash flow. Total monthly income is $3,112/mo, and annual cash flow is $13,215/yr on $107,734 invested. Return on cash invested sits at 32.17% in year one, and rental yield is 11.49% on a $324,990 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,789 over five years. Five-year ROI reaches 168.65% and total cumulative return in cash sums $181,690. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,112/mo property income rather than buyer’s personal income.

Condo

Built in 1959

1,307 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 6979 Palm Ct #104-A, Riverside, a beautifully renovated 1,234 sq. ft. condo in the highly sought-after Magnolia Palms community. This move-in ready home offers 3 bedrooms, 2 bathrooms, and a thoughtfully designed open-concept layout perfect for comfortable everyday living and entertaining. The spacious great room flows seamlessly into the updated kitchen, featuring modern appliances, ample counter space, and a layout that makes cooking and hosting effortless. Brand-new luxury vinyl plank flooring, crown molding, and ceiling fans enhance the homes contemporary style, while indoor stackable laundry adds convenience. The master suite includes a private ensuite bath, and the two additional bedrooms share a generously sized second bathroom. Multiple sliding glass doors provide easy access to the covered rear patio, ideal for morning coffee or evening relaxation. Additional highlights include a gated underground parking garage with one dedicated space and a storage cabinet for extra convenience. Residents enjoy resort-style amenities, including a sparkling pool and spa, lush landscaping, and serene picnic and relaxation areas. Perfectly located, this condo is walking distance to shopping centers, schools, and the University of California Riverside (UCR), with easy access to the 91 freeway for commuters. Whether youre a first-time homebuyer, investor, retiree, or student, this property combines style, functionality, and location. Dont miss this rare opportunity to own a turnkey condo in Riversides Magnolia Palms community - at a great price. Schedule your private tour today and experience the perfect blend of comfort, convenience, and modern upgrades.

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