1046 N Banning BlvdWilmingtonCA90744
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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 Wilmington at 1046 N Banning Blvd, Wilmington, CA, 90744 offers a 2.78% rental yield on a $1,299,900 purchase with $3,007/mo rent. 03% in year one. Equity gained on principal adds $8,388/yr while 5% annual appreciation supports $359,138 over five years. Portfolio math shows five-year ROI at 28.29% and total cumulative return in cash at $119,156. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,007/mo property income against a $6,362/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1922
4,518 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90744, Wilmington, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,211 (100%) |
| Owner Occupied HU | 5,750 (37.8%) |
| Renter Occupied HU | 9,107 (59.9%) |
| Vacant Housing Units | 354 ( 2.3%) |
| Median Home Value | $658,570 |
| Average Home Value | $725,741 |
Housing Distribution
Address Breakdown
Residential
14,748
Single Family
10,269
Multi-Family
4,479
Businesses
1,478
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Listed by: Cesar Morales • Keller Williams Realty
Mls Name: CRMLS
Mls ID: #SB25131645