6979 Palm Ct APT 331J, Riverside, CA, 92506 | $787/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6979 Palm Ct APT 331J, Riverside, CA, 92506 | $787/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Riverside at 6979 Palm Ct APT 331J, Riverside, CA, 92506 uses $99,450 cash to close to unlock $9,438/yr annual cash flow and $787/mo monthly cash flow. Total monthly income runs $2,642/mo, and a $1,468/mo payment keeps the spread at $787/mo. Purchase price stands at $300,000, and rental yield measures 10.57% with $2,642/mo rent. Return on cash invested shows 29.4% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 153.74% and total cumulative return in cash records $152,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,642/mo property income covering a $1,468/mo payment rather than investor’s personal income.

Condo

Built in 1959

1,307 sqft lot

$N/A/sqft

No HOA

More details about the property

Great Community In the Heart of Riverside. Easy access to the Freeway, close to schools and shopping. Unit on 3rd Floor With Elevator Access. Step Into A Roomy And Move-In Ready Unit With Laminate Floors, Kitchen With Newer Appliances, And Recently Painted Kitchen Cabinets. Counters Next To The Refrigerator Open To The Living Room. The Large Wall-to-Wall Windows/Sliding Doorway Provide Plenty of Natural Light To Fill The Condo And Provide An Amazing View of The Pool. Don't Miss This Property!

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