2239 Hoberg RdBorrego SpringsCA92004
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Nearby investment properties with comparable prices
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 Borrego Springs at 2239 Hoberg Rd, Borrego Springs, CA, 92004 priced at $595,000 converts $4,915/mo rent into $1,234/mo cash flow after a $2,912/mo obligation. Total monthly income equals $4,915/mo, and annual cash flow totals $14,813/yr on $195,755 invested. Return on cash invested prints 27.63% in year one, and rental yield reads 9.91% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 144.2% and total cumulative return in cash sums $282,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,915/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 2000
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92004, Borrego Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,999 (100%) |
| Owner Occupied HU | 1,242 (41.4%) |
| Renter Occupied HU | 388 (12.9%) |
| Vacant Housing Units | 1,369 (45.6%) |
| Median Home Value | $556,818 |
| Average Home Value | $811,886 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
139
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Listed by: Katherine King • Coldwell Banker Borrego
Mls Name: CRMLS
Mls ID: #NDP2511242