1601 Drew Rd SPACE 45El CentroCA92243
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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 Centro at 1601 Drew Rd SPACE 45, El Centro, CA, 92243 uses $36,134 cash to close to unlock $2,246/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $862/mo, and a $534/mo payment keeps the spread at $187/mo. Purchase price stands at $109,000, and rental yield measures 9.49% with $862/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 136.29% and total cumulative return in cash records $49,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $862/mo property income covering a $534/mo payment rather than investor’s personal income.
Manufactured
Built in 2014
3,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92243, El Centro, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,141 (100%) |
| Owner Occupied HU | 7,616 (44.4%) |
| Renter Occupied HU | 8,323 (48.6%) |
| Vacant Housing Units | 1,202 ( 7.0%) |
| Median Home Value | $323,340 |
| Average Home Value | $323,696 |
Housing Distribution
Address Breakdown
Residential
15,994
Single Family
13,457
Multi-Family
2,537
Businesses
1,683
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Listed by: Libby Gibson • ERA The Real Estate Store
Mls Name: ICAOR
Mls Provider:
Mls ID: #24371191IC
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.