215 E 3rd StWestmorlandCA92281
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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 Westmorland at 215 E 3rd St, Westmorland, CA, 92281 offers $750/mo rent that, after a $1,718/mo payment. Total monthly income is $750/mo. Return on cash invested measures 5.15% in year one, and rental yield stands at 2.56% at a $351,000 entry. Equity gained on principal adds $2,265/yr while 5% annual appreciation compounds into $96,975 by year five. Five-year ROI records 23.72% and total cumulative return in cash reaches $27,604. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $750/mo property income versus a $1,718/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
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: #25510255IC
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.