216 Colonial DrCalimesaCA92320
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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 Calimesa at 216 Colonial Dr, Calimesa, CA, 92320 priced at $609,000 pairs $4,592/mo rent with $824/mo cash flow after a $2,981/mo payment. Total monthly income equals $4,592/mo, and annual cash flow comes to $9,892/yr on $200,361 invested. Return on cash invested is 25% in year one, and rental yield stands at 9.05% on a $609,000 basis. Equity gained on principal adds $3,930/yr, and 5% annual appreciation accumulates to $168,255 by year five. Five-year ROI measures 130.1% and total cumulative return in cash reaches $260,669. For financing, Ziffy Mortgage’s DSCR program evaluates $4,592/mo property income against a $2,981/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92320, Calimesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,816 (100%) |
| Owner Occupied HU | 3,899 (81.0%) |
| Renter Occupied HU | 676 (14.0%) |
| Vacant Housing Units | 241 ( 5.0%) |
| Median Home Value | $563,102 |
| Average Home Value | $549,586 |
Housing Distribution
Address Breakdown
Residential
4,588
Single Family
4,588
Multi-Family
0
Businesses
346
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Listed by: Darrell Feekes II • BHHS PERRIE MUNDY REALTY GROUP
Mls Name: CRMLS
Mls ID: #IG25193479