1246 Venice AveMentoneCA92359
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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 Mentone at 1246 Venice Ave, Mentone, CA, 92359 with 5% annual appreciation on a $699,999 basis while $4,192/mo rent supports operations. 34% in year one. Equity gained on principal adds $4,517/yr, and five-year appreciation sums $193,397 alongside rental yield of 7.19%. Five-year ROI measures 99.75% and total cumulative return in cash totals $229,731. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,192/mo property income versus a $3,426/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2020
8,385 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92359, Mentone, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,382 (100%) |
| Owner Occupied HU | 2,051 (60.6%) |
| Renter Occupied HU | 1,169 (34.6%) |
| Vacant Housing Units | 162 ( 4.8%) |
| Median Home Value | $501,238 |
| Average Home Value | $518,342 |
Housing Distribution
Address Breakdown
Residential
3,123
Single Family
3,069
Multi-Family
54
Businesses
204
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Listed by: Wendy Gomez • Realty ONE Group West
Mls Name: CRMLS
Mls ID: #IG25153186