1608 Caminito AsteriscoLa JollaCA92037
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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
Investment Highlights
Rental property for sale in La Jolla at 1608 Caminito Asterisco, La Jolla, CA, 92037 offers $7,102/mo rent that, after a $8,022/mo payment. Total monthly income is $7,102/mo. Return on cash invested measures 13.51% in year one, and rental yield stands at 5.2% at a $1,639,000 entry. Equity gained on principal adds $10,576/yr while 5% annual appreciation compounds into $452,825 by year five. Five-year ROI records 68.41% and total cumulative return in cash reaches $363,260. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,102/mo property income versus a $8,022/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92037, La Jolla, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,119 (100%) |
| Owner Occupied HU | 10,189 (50.6%) |
| Renter Occupied HU | 6,872 (34.2%) |
| Vacant Housing Units | 3,058 (15.2%) |
| Median Home Value | $1,900,024 |
| Average Home Value | $1,722,784 |
Housing Distribution
Address Breakdown
Residential
19,128
Single Family
13,517
Multi-Family
5,611
Businesses
2,245
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Listed by: Kimberly G Davis • Glasshouse Properties
Mls Name: SDMLS
Mls ID: #250040553