1280 W Main St APT 42El CajonCA92020
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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 El Cajon at 1280 W Main St APT 42, El Cajon, CA, 92020 uses $149,175 cash to close to unlock $1,701/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $2,926/mo, and a $2,203/mo payment keeps the spread at $142/mo. Purchase price stands at $450,000, and rental yield measures 7.8% with $2,926/mo rent. Return on cash invested shows 21.05% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 108.95% and total cumulative return in cash records $162,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,926/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in 1995
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92020, El Cajon, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,427 (100%) |
| Owner Occupied HU | 8,563 (38.2%) |
| Renter Occupied HU | 13,016 (58.0%) |
| Vacant Housing Units | 848 ( 3.8%) |
| Median Home Value | $859,223 |
| Average Home Value | $900,497 |
Housing Distribution
Address Breakdown
Residential
21,033
Single Family
13,921
Multi-Family
7,112
Businesses
2,417
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Listed by: Christian Ortega Mendoza • ShoppingSDHouses
Mls Name: CRMLS
Mls ID: #PTP2504884