1603 Svea CtLemon GroveCA91945
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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 Lemon Grove at 1603 Svea Ct, Lemon Grove, CA, 91945 with 5% annual appreciation on a $625,000 basis while $7,423/mo rent supports operations. Total monthly income totals $7,423/mo and a $3,059/mo payment preserves $3,557/mo for cash returns. Annual cash flow comes to $42,680/yr on $205,625 deployed, and return on cash invested reaches 40.82% in year one. Equity gained on principal adds $4,033/yr, and five-year appreciation sums $172,676 alongside rental yield of 14.25%. Five-year ROI measures 214.92% and total cumulative return in cash totals $441,937.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,423/mo property income versus a $3,059/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91945, Lemon Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,392 (100%) |
| Owner Occupied HU | 4,869 (51.8%) |
| Renter Occupied HU | 4,142 (44.1%) |
| Vacant Housing Units | 381 ( 4.1%) |
| Median Home Value | $696,075 |
| Average Home Value | $785,980 |
Housing Distribution
Address Breakdown
Residential
9,328
Single Family
8,269
Multi-Family
1,059
Businesses
640
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Listed by: Laura Kelley • Keller Williams Realty
Mls Name: SDMLS
Mls Provider:
Mls ID: #240020434
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