11949 Riverside Dr SPACE 28LakesideCA92040
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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 28, Lakeside, CA, 92040 offers a 11.41% rental yield on a $339,000 purchase with $3,223/mo rent. Total monthly income registers $3,223/mo, and a $1,659/mo payment leaves $1,126/mo available for distribution. Annual cash flow reaches $13,513/yr on $112,379 to close, and return on cash invested stands at 31.93% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 167.35% and total cumulative return in cash at $188,068. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,223/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1985
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: Rosemary Aljundi • Mobile Home Connection
Mls Name: My State MLS
Mls ID: #11594610