1050 Iron Wheel StSanteeCA92071
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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 Santee at 1050 Iron Wheel St, Santee, CA, 92071 uses $215,495 cash to close to unlock $4,811/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $4,453/mo, and a $3,206/mo payment keeps the spread at $401/mo. Purchase price stands at $655,000, and rental yield measures 8.16% with $4,453/mo rent. Return on cash invested shows 22.29% in year one, and 5% annual appreciation builds toward $180,964 over five years. Five-year ROI reaches 115.58% and total cumulative return in cash records $249,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,453/mo property income covering a $3,206/mo payment rather than investor’s personal income.
Townhouse
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92071, Santee, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,507 (100%) |
| Owner Occupied HU | 15,309 (68.0%) |
| Renter Occupied HU | 6,547 (29.1%) |
| Vacant Housing Units | 651 ( 2.9%) |
| Median Home Value | $754,687 |
| Average Home Value | $775,783 |
Housing Distribution
Address Breakdown
Residential
21,475
Single Family
19,574
Multi-Family
1,901
Businesses
1,335
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Listed by: Jason Zimmer • Select Premier Properties
Mls Name: SDMLS
Mls ID: #250038659