187 Ballard St SPACE 29El CajonCA92019
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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 El Cajon at 187 Ballard St SPACE 29, El Cajon, CA, 92019 earns $1,922/mo cash flow from $2,602/mo rent with a $538/mo payment. Total monthly income totals $2,602/mo, and annual cash flow totals $23,064/yr on $36,432 capital. ROI tracks 83.22% on current figures, and rental yield reads 28.41% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 442.47% and total cumulative return in cash sums $161,200. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,602/mo property income instead of your personal income.
Manufactured
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92019, El Cajon, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,429 (100%) |
| Owner Occupied HU | 9,776 (63.4%) |
| Renter Occupied HU | 5,127 (33.2%) |
| Vacant Housing Units | 526 ( 3.4%) |
| Median Home Value | $880,528 |
| Average Home Value | $952,188 |
Housing Distribution
Address Breakdown
Residential
15,313
Single Family
13,866
Multi-Family
1,447
Businesses
431
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Listed by: Rosemary Aljundi • Mobile Home Connection
Mls Name: My State MLS
Mls ID: #11342118