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28
Values Hold at $890K, Yield at 6.2%
Updated 2 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
The property shows strong rental potential in Orange, with market analysis suggesting monthly income between $3,964 and $4,584. These figures highlight a healthy earning capacity for investors looking to capitalize on current neighborhood demand. An estimated rental yield of 6.26% underscores this condo as a solid income-generating asset. With local market appreciation contributing an additional $3,242 annually, this property presents a stable and attractive opportunity for your portfolio.
More about this home
Neighborhood Assessment
Rocking Horse Ridge in Orange offers a secure, well-maintained gated community with solid fundamentals. The neighborhood benefits from proximity to highly-rated schools (Panorama Elementary rated 9/10, El Modena High rated 8/10) and established suburban infrastructure. However, the property sits in a moderate climate risk area with major air quality concerns and significant heat exposure. The community amenities—pool, spa, and 24-hour security—add appeal, but limited walkability and car-dependent suburban character restrict its urban development potential.
Market Activity
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Rental Income
$51K
Yield
6.3%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Modernizing your space offers a fantastic chance to elevate your daily lifestyle. While baseline properties average $580 per square foot, updated homes reflect a $548 per square foot figure, representing a 5% shift in market positioning. This approach creates a beautifully refreshed home that stands out to buyers seeking comfort and style. With rent potential reaching $4,742, modernizing unlocks great possibilities. It is a wonderful investment for long-term enjoyment and property appeal.
Comps
11
Buy-Rehab-Rent
This property offers a post-renovation value between $763,000 and $843,000. With a solid rental income potential of $4,074 monthly, it establishes a reliable foundation for cash flow in this competitive Southern California condo market. A 6.1% yield makes this a steady performer for long-term investors. While market appreciation remains conservative, the strong rent potential and established neighborhood appeal provide a practical path to building equity through the BRRRR strategy.
Rental Income
$49K
Yield
6.1%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$820K
$57.6K below comp median
Comparative Market Analysis
$835K – $935K
~183 days to sell
Based on 8 comps
5847 E Rocking Horse Way UNIT 25, Orange Investment Report: Flip & Rental Analysis · Frontflip