220 S Shorehang Ln SEncinitasCA92024
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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 Encinitas at 220 S Shorehang Ln S, Encinitas, CA, 92024 with 5% annual appreciation on a $819,000 basis while $4,213/mo rent supports operations. 26% in year one. Equity gained on principal adds $5,285/yr, and five-year appreciation sums $226,275 alongside rental yield of 6.17%. Five-year ROI measures 83.23% and total cumulative return in cash totals $224,277. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,213/mo property income versus a $4,009/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1985
28.39 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92024, Encinitas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,979 (100%) |
| Owner Occupied HU | 13,451 (61.2%) |
| Renter Occupied HU | 6,872 (31.3%) |
| Vacant Housing Units | 1,656 ( 7.5%) |
| Median Home Value | $1,556,280 |
| Average Home Value | $1,573,906 |
Housing Distribution
Address Breakdown
Residential
20,654
Single Family
18,109
Multi-Family
2,545
Businesses
2,033
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Listed by: Judy Szamos • HomeSmart Realty West
Mls Name: CRMLS
Mls ID: #NDP2511064