1677 Melrose Ave UNIT DChula 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 1677 Melrose Ave UNIT D, Chula Vista, CA, 91911 offers a 7.95% rental yield on a $474,999 purchase with $3,145/mo rent. Total monthly income registers $3,145/mo, and a $2,325/mo payment leaves $206/mo available for distribution. Annual cash flow reaches $2,478/yr on $157,462 to close, and return on cash invested stands at 21.48% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,233 over five years. Portfolio math shows five-year ROI at 111.28% and total cumulative return in cash at $175,230. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,145/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A 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: Sandra Cota • ROA California Inc
Mls Name: CRMLS
Mls ID: #PTP2506685