1251 E Lugonia Ave SPACE 34RedlandsCA92374
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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 Redlands at 1251 E Lugonia Ave SPACE 34, Redlands, CA, 92374 uses $64,311 cash to close to unlock $3,125/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $1,461/mo, and a $950/mo payment keeps the spread at $260/mo. Purchase price stands at $194,000, and rental yield measures 9.04% with $1,461/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 128.95% and total cumulative return in cash records $82,928. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,461/mo property income covering a $950/mo payment rather than investor’s personal income.
Manufactured
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92374, Redlands, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,699 (100%) |
| Owner Occupied HU | 9,435 (56.5%) |
| Renter Occupied HU | 6,368 (38.1%) |
| Vacant Housing Units | 896 ( 5.4%) |
| Median Home Value | $575,888 |
| Average Home Value | $593,358 |
Housing Distribution
Address Breakdown
Residential
15,489
Single Family
13,777
Multi-Family
1,712
Businesses
1,130
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Listed by: Tony Banuelos • eXp Realty of California, Inc.
Mls Name: CRMLS
Mls ID: #219132962PS