1148 3rd Ave SPACE 39, Chula Vista, CA, 91911 | $199/mo Cash Flow

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1148 3rd Ave SPACE 39, Chula Vista, CA, 91911 | $199/mo Cash Flow | 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 Chula Vista at 1148 3rd Ave SPACE 39, Chula Vista, CA, 91911 offers a 8.56% rental yield on a $209,900 purchase with $1,497/mo rent. Total monthly income registers $1,497/mo, and a $1,027/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,387/yr on $69,582 to close, and return on cash invested stands at 23.34% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 121.23% and total cumulative return in cash at $84,356. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,497/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2018

1,200 sqft lot

$N/A/sqft

No HOA

More details about the property

WHAT AN AMAZING MODERN LIVING SPACE WITH AWESOME AFFORDABILITY! CALL SHERRY FOR DETAILS OR TO VIEW! THIS SPLIT FLOOR PLAN, WHERE THE TWO BEDROOMS ARE SEPARATED ON OPPOSITE SIDES OF THE HOME, IS ONE OF THE MORE POPULAR LAYOUTS, AS IT OFFERS EXTRA PRIVACY FOR EACH OCCUPANT AND MAKES THE BEST USE OF THE SPACE FOR SHARED LIVING! THE OPENESS OF THE KITCHEN, WITH ITS SLEEK AND MODERN STAINLESS STEEL APPLIANCE PACKAGE, AND RICH HARD-WOOD CABINETS, FLOWS SEEMLESSLY INTO THE REST OF THE LIVING AREA WHICH BOASTS UPGRADED FAN-LIGHT COMBOS AND LUXURY VINYL FLOORING CREATING A PERFECT BALANCE BETWEEN STYLE, COMFORT AND FUNCTIONALITY! GREAT FOR DAILY LIVING AND ENTERTAINING GUESTS! THIS IS A ONE OF A KIND HOME WITH THE CONVIENCE OF A DROUGHT TOLERANT LANDSCAPE SURROUNDING THE HOMES EXTERIOR. THIS GEM IS LOCATED IN MOUNTAIN VIEW LODGE, A GREAT AND AFFORDABLE 55/45 COMMUNITY WITH A LOW SPACE RENT OF $1150 PER MONTH! BEING A PART OF A WELL ESTABLISHED AND AFFORDABLE COMMUNITY IS A GREAT WAY TO LIVE! BEING CLOSE TO RETAIL SHOPS, RESTAURANTS, AND JUST A FEW MILES FROM THE BEAUTY AND TRANQUILITY OF THE PACIFIC OCEAN REALLY DOES MAKE ALL THE DIFFERENCE IN LIFESTYLE AND CONVENIENCE. EASY ACCESS TO EVERYDAY AMENITIES AND THE CALMING NATURE OF THE OCEAN WHENEVER YOU WANT TO UNWIND. YOU GET THE BEST OF BOTH WORLDS! CALL SHERRY FOR DETAILS AND TO VIEW! ASK ABOUT OUR FINANCE OPTIONS AVAILABLE, O.A.C..CALL TODAY! PRE FAB, MODULAR, ADU, MOBILE, TRAILER, COACH,.. S#42AH19 ALL INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED

Neighborhood Data

Neighborhood data shown for ZIP Code: 91911, Chula Vista, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,528 (100%)
Owner Occupied HU	13,305 (50.2%)
Renter Occupied HU	12,508 (47.2%)
Vacant Housing Units	715 ( 2.7%)
Median Home Value	$656,937
Average Home Value	$674,205