10701 Cedar Ave SPACE 237BloomingtonCA92316
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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 Bloomington at 10701 Cedar Ave SPACE 237, Bloomington, CA, 92316 uses $39,780 cash to close to unlock $2,352/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $938/mo, and a $587/mo payment keeps the spread at $196/mo. Purchase price stands at $120,000, and rental yield measures 9.38% with $938/mo rent. Return on cash invested shows 25.82% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 134.53% and total cumulative return in cash records $53,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $938/mo property income covering a $587/mo payment rather than investor’s personal income.
Manufactured
Built in 1977
2,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92316, Bloomington, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,278 (100%) |
| Owner Occupied HU | 5,635 (68.1%) |
| Renter Occupied HU | 2,462 (29.7%) |
| Vacant Housing Units | 181 ( 2.2%) |
| Median Home Value | $482,905 |
| Average Home Value | $497,214 |
Housing Distribution
Address Breakdown
Residential
7,517
Single Family
7,205
Multi-Family
312
Businesses
731
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Listed by: George Williams • Coldwell Banker Assoc Brkr-SC
Mls Name: CRMLS
Mls ID: #SW25257043