0 Surfside AveMeccaCA92254
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mecca at 0 Surfside Ave, Mecca, CA, 92254 priced at $120,000 converts $2,616/mo rent into $1,874/mo cash flow after a $587/mo obligation. Total monthly income equals $2,616/mo, and annual cash flow totals $22,488/yr on $39,780 invested. Return on cash invested prints 76.44% in year one, and rental yield reads 26.16% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 405.96% and total cumulative return in cash sums $161,491. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,616/mo property income covering a $587/mo payment, not borrower’s personal income.
Lot
Built in N/A
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92254, Mecca, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,086 (100%) |
| Owner Occupied HU | 1,576 (51.1%) |
| Renter Occupied HU | 1,347 (43.6%) |
| Vacant Housing Units | 163 ( 5.3%) |
| Median Home Value | $178,916 |
| Average Home Value | $257,486 |
Housing Distribution
Address Breakdown
Residential
2,127
Single Family
1,954
Multi-Family
173
Businesses
53
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Nearby investment properties with comparable prices
Listed by: Carmen Franco • Ruben Magana Jr, Broker
Mls Name: CRMLS
Mls Provider:
Mls ID: #219114910DA
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information