215 E 3rd St #223WestmorlandCA92281
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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 Westmorland at 215 E 3rd St #223, Westmorland, CA, 92281 offers a 2.56% rental yield on a $351,000 purchase with $750/mo rent. 25% in year one. Equity gained on principal adds $2,265/yr while 5% annual appreciation supports $96,975 over five years. Portfolio math shows five-year ROI at 24.24% and total cumulative return in cash at $28,204. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $750/mo property income against a $1,718/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
7,538 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92281, Westmorland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 707 (100%) |
| Owner Occupied HU | 325 (46.0%) |
| Renter Occupied HU | 346 (48.9%) |
| Vacant Housing Units | 36 ( 5.1%) |
| Median Home Value | $369,545 |
| Average Home Value | $394,346 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
45
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Listed by: Joe Nieto III • Premier Agent Network
Mls Name: ICAOR
Mls Provider:
Mls ID: #25513965IC
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.