2240-42 El Prado AveLemon GroveCA91945
Nearby investment properties with comparable rents
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
Investment property for sale in Lemon Grove at 2240-42 El Prado Ave, Lemon Grove, CA, 91945 uses $165,419 cash to close to unlock $10,493/yr annual cash flow and $874/mo monthly cash flow. Total monthly income runs $3,961/mo, and a $2,442/mo payment keeps the spread at $874/mo. Purchase price stands at $499,000, and rental yield measures 9.53% with $3,961/mo rent. Return on cash invested shows 26.25% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 136.86% and total cumulative return in cash records $226,398. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,961/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91945, Lemon Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,392 (100%) |
| Owner Occupied HU | 4,869 (51.8%) |
| Renter Occupied HU | 4,142 (44.1%) |
| Vacant Housing Units | 381 ( 4.1%) |
| Median Home Value | $696,075 |
| Average Home Value | $785,980 |
Housing Distribution
Address Breakdown
Residential
9,328
Single Family
8,269
Multi-Family
1,059
Businesses
640
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seth OByrne • Compass
Mls Name: SDMLS
Mls ID: #250045056