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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Riverside at 6979 Palm Ct APT 346N, Riverside, CA, 92506 listed at $325,000 pairs $4,340/mo rent with a $1,591/mo payment to leave $1,899/mo cash flow. Total monthly income runs $4,340/mo, and annual cash flow reaches $22,790/yr on $107,738 cash to close. Return on cash invested measures 41.06% in year one, and rental yield registers 16.02% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 218.04% and total cumulative return in cash totals $234,913. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,340/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1959
1,307 sqft lot
$N/A/sqft
$430 monthly HOA
Neighborhood data shown for ZIP Code: 92506, Riverside, CA area.
| 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 |
Residential
16,241
Single Family
15,487
Multi-Family
754
Businesses
1,263
Date | Event | Price |
|---|---|---|
| 2024-08-30 | Listed for sale | $325,000 |
| 2024-08-27 | Listing removed | $325,000 |
| 2024-07-24 | Contingent | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: PETER QUESADA • COLDWELL BANKER REALTY
Mls Name: CRMLS
Mls Provider:
Mls ID: #IV24180460
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
