1679 Melrose Ave UNIT BChula 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 1679 Melrose Ave UNIT B, Chula Vista, CA, 91911 listed at $439,900 pairs $3,097/mo rent with a $2,153/mo payment to leave $376/mo cash flow. Total monthly income runs $3,097/mo, and annual cash flow reaches $4,509/yr on $145,827 cash to close. Return on cash invested measures 23% in year one, and rental yield registers 8.45% at a $439,900 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,536 by year five. Five-year ROI tracks 119.42% and total cumulative return in cash totals $174,147. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,097/mo property income relative to a $2,153/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
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: Michael J Pereyra • Real Broker
Mls Name: SDMLS
Mls ID: #250044949