1021 Scott St APT 103, San Diego, CA, 92106 | 6.97% Rental Yield

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1021 Scott St APT 103, San Diego, CA, 92106 | 6.97% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in San Diego at 1021 Scott St APT 103, San Diego, CA, 92106 listed at $420,000 pairs $2,440/mo rent with a $2,056/mo payment. Total monthly income runs $2,440/mo. Return on cash invested measures 18.54% in year one, and rental yield registers 6.97% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 95.52% and total cumulative return in cash totals $132,991. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,440/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1980

N/A lot

$N/A/sqft

No HOA

More details about the property

Enjoy year-round summer at this resort-like complex, just steps from the beach, restaurants and nightlife! This adorably remodeled FULLY FURNISHED entry level condo is one of the larger studios in the building. The end unit location is prime because you share only one wall, plus it's close to the lobby entrance and furthest from the pool (which equals quieter) and has an enclosed, shaded patio with tons of privacy where no one can see in (uncommon for this complex). The nearby elevator takes you up one floor to an AIR CONDITIONED gym and rec room with pool table and TV. The community pool is heated and looks out to the marina where there are lounge chairs and seating provided, plus a fire pit. There's also a bike storage locker offered to residents. Perfect purchase for an investor who wants to short or mid-term rent (minimum of 30 days) or own it as a second vacation home. The unit can also be sold vacant for owner occupied!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92106, San Diego, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,375 (100%)
Owner Occupied HU	4,678 (55.9%)
Renter Occupied HU	3,065 (36.6%)
Vacant Housing Units	632 ( 7.5%)
Median Home Value	$1,437,313
Average Home Value	$1,496,033