1329 Watson AveWilmingtonCA90744
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Wilmington rental at 1329 Watson Ave, Wilmington, CA, 90744 sits in the solid-income band: 8.84% gross yield, $3,131/mo rent, $502/mo net after the $1,911/mo debt service, DSCR 1.64. Entry price of $425,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $117,420 and $3,914/yr in principal reduction bring total cumulative return to $193,499.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.2% |
| Monthly Cash Flow | $502 | $300 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,131 |
| Total Monthly Debt Service | $2,460 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1924
1,738 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1924
1,738 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin Capizzi • eXp Realty of California Inc
Mls Name: CRMLS
Mls ID: #OC25183389