212 S 2nd St SPACE 5El 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
Rental property for sale in El Cajon at 212 S 2nd St SPACE 5, El Cajon, CA, 92019 offers $2,796/mo rent that, after a $976/mo payment, leaves $1,562/mo cash flow. Total monthly income is $2,796/mo, and annual cash flow is $18,748/yr on $66,134 cash. Return on cash invested measures 48.26% in year one, and rental yield stands at 16.82% at a $199,500 entry. Equity gained on principal adds $1,287/yr while 5% annual appreciation compounds into $55,118 by year five. Five-year ROI records 254.89% and total cumulative return in cash reaches $168,571. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,796/mo property income versus a $976/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
2,000 sqft 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: Sheryl Midtsatre • Pacific Manufactured Homes
Mls Name: My State MLS
Mls ID: #11226924