1207 Bay View AveWilmingtonCA90744
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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
Rental property for sale in Wilmington at 1207 Bay View Ave, Wilmington, CA, 90744 generates $4,178/mo in rent, after a $3,372/mo payment. Total monthly income is $4,178/mo. Return on cash invested sits at 19.62% in year one, and rental yield is 7.28% on a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 101.25% and total cumulative return in cash sums $229,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,178/mo property income rather than buyer’s personal income.
Multi Family
Built in 1914
6,649 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90744, Wilmington, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,211 (100%) |
| Owner Occupied HU | 5,750 (37.8%) |
| Renter Occupied HU | 9,107 (59.9%) |
| Vacant Housing Units | 354 ( 2.3%) |
| Median Home Value | $658,570 |
| Average Home Value | $725,741 |
Housing Distribution
Address Breakdown
Residential
14,748
Single Family
10,269
Multi-Family
4,479
Businesses
1,478
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Listed by: Steven Bogoyevac • Steven M. Bogoyevac, Broker
Mls Name: CRMLS
Mls ID: #PW26001786