824 W 15th St TRAILER 43Newport BeachCA92663
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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 Newport Beach at 824 W 15th St TRAILER 43, Newport Beach, CA, 92663 generates $1,762/mo in rent and, after a $1,199/mo payment, leaves $247/mo in cash flow. Total monthly income is $1,762/mo, and annual cash flow is $2,958/yr on $81,218 invested. Return on cash invested sits at 23.55% in year one, and rental yield is 8.63% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 122.4% and total cumulative return in cash sums $99,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,762/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92663, Newport Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,581 (100%) |
| Owner Occupied HU | 4,409 (38.1%) |
| Renter Occupied HU | 5,226 (45.1%) |
| Vacant Housing Units | 1,946 (16.8%) |
| Median Home Value | $1,827,685 |
| Average Home Value | $1,633,620 |
Housing Distribution
Address Breakdown
Residential
11,565
Single Family
8,093
Multi-Family
3,472
Businesses
1,521
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Listed by: Jean Mcgrath • Galaxy Homes
Mls Name: My State MLS
Mls ID: #11572288