7240 Olive Grove StRiversideCA92507
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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
Rental property for sale in Riverside at 7240 Olive Grove St, Riverside, CA, 92507 priced at $504,990 pairs $2,580/mo rent with after a $2,472/mo payment. Total monthly income equals $2,580/mo. Return on cash invested is 16.13% in year one, and rental yield stands at 6.13% on a $504,990 basis. Equity gained on principal adds $3,259/yr, and 5% annual appreciation accumulates to $139,519 by year five. Five-year ROI measures 82.54% and total cumulative return in cash reaches $137,126. For financing, Ziffy Mortgage’s DSCR program evaluates $2,580/mo property income against a $2,472/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92507, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,739 (100%) |
| Owner Occupied HU | 8,330 (35.1%) |
| Renter Occupied HU | 13,515 (56.9%) |
| Vacant Housing Units | 1,894 ( 8.0%) |
| Median Home Value | $607,258 |
| Average Home Value | $625,569 |
Housing Distribution
Address Breakdown
Residential
21,178
Single Family
13,513
Multi-Family
7,665
Businesses
2,260
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Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A