6979 Palm Ct APT 228IRiversideCA92506
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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 228I, Riverside, CA, 92506 earns $657/mo cash flow from $2,358/mo rent with a $1,346/mo payment. Total monthly income totals $2,358/mo, and annual cash flow totals $7,881/yr on $91,163 capital. ROI tracks 28.55% on current figures, and rental yield reads 10.29% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 149.2% and total cumulative return in cash sums $136,019. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,358/mo property income instead of your personal income.
Condo
Built in 1959
N/A 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: Michelle Sullivan • California Properties
Mls Name: BHHS broker feed
Mls ID: #PW25162990