1192 Cherry LnCalimesaCA92320
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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 Calimesa at 1192 Cherry Ln, Calimesa, CA, 92320 listed at $519,150 pairs $3,364/mo rent with a $2,541/mo payment to leave $152/mo cash flow. Total monthly income runs $3,364/mo, and annual cash flow reaches $1,829/yr on $170,800 cash to close. Return on cash invested measures 21.13% in year one, and rental yield registers 7.78% at a $519,150 basis. Equity gained on principal adds $3,350/yr, and annual property appreciation at 5% supports $143,432 by year five. Five-year ROI tracks 109.37% and total cumulative return in cash totals $186,812. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,364/mo property income relative to a $2,541/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92320, Calimesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,816 (100%) |
| Owner Occupied HU | 3,899 (81.0%) |
| Renter Occupied HU | 676 (14.0%) |
| Vacant Housing Units | 241 ( 5.0%) |
| Median Home Value | $563,102 |
| Average Home Value | $549,586 |
Housing Distribution
Address Breakdown
Residential
4,588
Single Family
4,588
Multi-Family
0
Businesses
346
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Listed by: KARLA TROSPER • KELLER WILLIAMS REALTY
Mls Name: CRMLS
Mls ID: #IG26004427