1940 3rd Ave UNIT 205San DiegoCA92101
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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 San Diego at 1940 3rd Ave UNIT 205, San Diego, CA, 92101 generates $4,181/mo in rent and, after a $2,482/mo payment, leaves $1,044/mo in cash flow. Total monthly income is $4,181/mo, and annual cash flow is $12,529/yr on $166,803 invested. Return on cash invested sits at 27.57% in year one, and rental yield is 9.9% on a $507,000 entry. Equity gained on principal adds $3,272/yr, while 5% annual appreciation builds toward $140,075 over five years. Five-year ROI reaches 143.92% and total cumulative return in cash sums $240,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,181/mo property income rather than buyer’s personal income.
Condo
Built in 1981
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92101, San Diego, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,969 (100%) |
| Owner Occupied HU | 6,370 (16.3%) |
| Renter Occupied HU | 25,620 (65.7%) |
| Vacant Housing Units | 6,979 (17.9%) |
| Median Home Value | $957,131 |
| Average Home Value | $1,143,507 |
Housing Distribution
Address Breakdown
Residential
32,920
Single Family
6,899
Multi-Family
26,021
Businesses
4,096
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Listed by: Clark Henry • Value T Sales Inc dba Pacific Preferred
Mls Name: SDMLS
Mls ID: #2600011