1148 3rd Ave SPACE 76Chula VistaCA91911
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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 Chula Vista at 1148 3rd Ave SPACE 76, Chula Vista, CA, 91911 uses $49,394 cash to close to unlock $2,814/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,156/mo, and a $729/mo payment keeps the spread at $235/mo. Purchase price stands at $149,000, and rental yield measures 9.31% with $1,156/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 133.43% and total cumulative return in cash records $65,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,156/mo property income covering a $729/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
25,750
Single Family
20,938
Multi-Family
4,812
Businesses
2,026
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Listed by: Maria Hernandez • Maria Elena Hernandez, Broker
Mls Name: CRMLS
Mls ID: #SW26007912