1450 Melrose Ave UNIT 47Chula VistaCA91911
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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 Chula Vista at 1450 Melrose Ave UNIT 47, Chula Vista, CA, 91911 earns $73/mo cash flow from $3,407/mo rent with a $2,638/mo payment. Total monthly income totals $3,407/mo, and annual cash flow totals $873/yr on $177,331 capital. ROI tracks 20.55% on current figures, and rental yield reads 7.59% at a $539,000 purchase. Equity gained on principal adds $3,478/yr, and 5% annual appreciation supports $148,916 over five years. Five-year ROI reaches 106.26% and total cumulative return in cash sums $188,424. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,407/mo property income instead of your personal income.
Condo
Built in 1972
1,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91911, Chula Vista, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,528 (100%) |
| Owner Occupied HU | 13,305 (50.2%) |
| Renter Occupied HU | 12,508 (47.2%) |
| Vacant Housing Units | 715 ( 2.7%) |
| Median Home Value | $656,937 |
| Average Home Value | $674,205 |
Housing Distribution
Address Breakdown
Residential
25,750
Single Family
20,938
Multi-Family
4,812
Businesses
2,026
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Listed by: Danielle Gallegos • KEN TURNER REAL ESTATE
Mls Name: CRMLS
Mls ID: #CV25258645