1842 Observation Way UNIT 3Chula VistaCA91915
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1842 Observation Way UNIT 3, Chula Vista, CA, 91915 in Chula Vista is a solid income-producing rental, 9.37% gross yield, $5,074/mo rent, $1,053/mo net cash flow on a $650,000 buy. DSCR 1.74 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $179,583 and $5,987/yr in principal reduction project a total cumulative return of $314,243.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 5.5% |
| Monthly Cash Flow | $1,053 | $300 |
City averages based on Chula Vista market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,074 |
| Total Monthly Debt Service | $3,762 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2020
10.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91915, Chula Vista, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,975 (100%) |
| Owner Occupied HU | 7,385 (61.7%) |
| Renter Occupied HU | 3,849 (32.1%) |
| Vacant Housing Units | 741 ( 6.2%) |
| Median Home Value | $827,670 |
| Average Home Value | $888,553 |
Housing Distribution
Address Breakdown
Residential
11,606
Single Family
11,160
Multi-Family
446
Businesses
368
Nearby investment properties with comparable rents
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
Single Family
Built in 2020
10.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91915, Chula Vista, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,975 (100%) |
| Owner Occupied HU | 7,385 (61.7%) |
| Renter Occupied HU | 3,849 (32.1%) |
| Vacant Housing Units | 741 ( 6.2%) |
| Median Home Value | $827,670 |
| Average Home Value | $888,553 |
Housing Distribution
Address Breakdown
Residential
11,606
Single Family
11,160
Multi-Family
446
Businesses
368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Herb Knox • LPT Realty,Inc
Mls Name: SDMLS
Mls ID: #250040502