8941 Concord AveRiversideCA92503
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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 8941 Concord Ave, Riverside, CA, 92503 listed at $584,900 pairs $3,961/mo rent with a $2,863/mo payment to leave $343/mo cash flow. Total monthly income runs $3,961/mo, and annual cash flow reaches $4,110/yr on $192,432 cash to close. Return on cash invested measures 22.2% in year one, and rental yield registers 8.13% at a $584,900 basis. Equity gained on principal adds $3,774/yr, and annual property appreciation at 5% supports $161,597 by year five. Five-year ROI tracks 115.08% and total cumulative return in cash totals $221,447. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,961/mo property income relative to a $2,863/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92503, Riverside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,185 (100%) |
| Owner Occupied HU | 17,443 (61.9%) |
| Renter Occupied HU | 9,973 (35.4%) |
| Vacant Housing Units | 769 ( 2.7%) |
| Median Home Value | $622,831 |
| Average Home Value | $668,541 |
Housing Distribution
Address Breakdown
Residential
26,748
Single Family
22,884
Multi-Family
3,864
Businesses
2,258
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Listed by: James Conlon • RE/MAX FREEDOM
Mls Name: CRMLS
Mls ID: #HD25195670