1721 Melrose Ave UNIT 16Chula 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
Rental property for sale in Chula Vista at 1721 Melrose Ave UNIT 16, Chula Vista, CA, 91911 generates $3,272/mo in rent and, after a $2,545/mo payment, leaves $55/mo in cash flow. Total monthly income is $3,272/mo, and annual cash flow is $666/yr on $171,047 invested. Return on cash invested sits at 20.45% in year one, and rental yield is 7.55% on a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,639 over five years. Five-year ROI reaches 105.72% and total cumulative return in cash sums $180,832. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,272/mo property income rather than buyer’s personal income.
Condo
Built in 1981
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: Danielle M Copley • Senior American Funding. Inc.
Mls Name: SDMLS
Mls ID: #250036780