8971 Glencoe DrRiversideCA92503
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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 8971 Glencoe Dr, Riverside, CA, 92503 uses $187,497 cash to close to unlock $3,407/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $3,809/mo, and a $2,789/mo payment keeps the spread at $284/mo. Purchase price stands at $569,900, and rental yield measures 8.02% with $3,809/mo rent. Return on cash invested shows 21.88% in year one, and 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 113.35% and total cumulative return in cash records $212,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,809/mo property income covering a $2,789/mo payment rather than investor’s personal income.
Single Family
Built in 1957
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: JACQUELINE DALTON • GUY PATTERSON REALTY GROUP
Mls Name: CRMLS
Mls ID: #IV26010218