11949 Riverside Dr SPACE 180LakesideCA92040
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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 Lakeside at 11949 Riverside Dr SPACE 180, Lakeside, CA, 92040 offers a 9.4% rental yield on a $178,000 purchase with $1,394/mo rent. Total monthly income registers $1,394/mo, and a $871/mo payment leaves $293/mo available for distribution. Annual cash flow reaches $3,517/yr on $59,007 to close, and return on cash invested stands at 25.87% in year one. Equity gained on principal adds $1,149/yr while 5% annual appreciation supports $49,178 over five years. Portfolio math shows five-year ROI at 134.89% and total cumulative return in cash at $79,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,394/mo property income against a $871/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92040, Lakeside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,189 (100%) |
| Owner Occupied HU | 10,150 (62.7%) |
| Renter Occupied HU | 5,457 (33.7%) |
| Vacant Housing Units | 582 ( 3.6%) |
| Median Home Value | $781,088 |
| Average Home Value | $792,534 |
Housing Distribution
Address Breakdown
Residential
15,720
Single Family
13,953
Multi-Family
1,767
Businesses
793
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Listed by: Gene Roque • Pacific Manufactured Homes
Mls Name: My State MLS
Mls ID: #11553667