6979 Palm Ct APT 113DRiversideCA92506
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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 6979 Palm Ct APT 113D, Riverside, CA, 92506 offers a 8.77% rental yield on a $329,000 purchase with $2,404/mo rent. Total monthly income registers $2,404/mo, and a $1,610/mo payment leaves $369/mo available for distribution. Annual cash flow reaches $4,428/yr on $109,064 to close, and return on cash invested stands at 23.97% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 124.65% and total cumulative return in cash at $135,945. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,404/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1959
1,307 sqft 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: KATIE YE • RE/MAX TIME REALTY
Mls Name: CRMLS
Mls ID: #IV25247658