903 W 17th St Spc 16Costa MesaCA92627
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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 Costa Mesa at 903 W 17th St Spc 16, Costa Mesa, CA, 92627 offers a 8.09% rental yield on a $279,500 purchase with $1,884/mo rent. Total monthly income registers $1,884/mo, and a $1,368/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,860/yr on $92,654 to close, and return on cash invested stands at 21.92% in year one. Equity gained on principal adds $1,804/yr while 5% annual appreciation supports $77,221 over five years. Portfolio math shows five-year ROI at 113.59% and total cumulative return in cash at $105,248. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,884/mo property income against a $1,368/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92627, Costa Mesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,560 (100%) |
| Owner Occupied HU | 8,601 (35.0%) |
| Renter Occupied HU | 14,785 (60.2%) |
| Vacant Housing Units | 1,174 ( 4.8%) |
| Median Home Value | $1,149,319 |
| Average Home Value | $1,200,235 |
Housing Distribution
Address Breakdown
Residential
23,652
Single Family
16,377
Multi-Family
7,275
Businesses
2,973
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Listed by: Jean Mcgrath • Galaxy Homes
Mls Name: My State MLS
Mls ID: #11638105