22745 Palm Ave UNIT BGrand TerraceCA92313
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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 Grand Terrace at 22745 Palm Ave UNIT B, Grand Terrace, CA, 92313 uses $137,573 cash to close to unlock $2,435/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $2,770/mo, and a $2,031/mo payment keeps the spread at $203/mo. Purchase price stands at $415,000, and rental yield measures 8.01% with $2,770/mo rent. Return on cash invested shows 21.68% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 112.32% and total cumulative return in cash records $154,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,770/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Condo
Built in 1967
1,169 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92313, Grand Terrace, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,038 (100%) |
| Owner Occupied HU | 3,026 (60.1%) |
| Renter Occupied HU | 1,810 (35.9%) |
| Vacant Housing Units | 202 ( 4.0%) |
| Median Home Value | $482,496 |
| Average Home Value | $518,570 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
3,848
Multi-Family
827
Businesses
214
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Listed by: Jennifer Marcuse • J & R Realty & Prpty Mgmt, Inc
Mls Name: CRMLS
Mls ID: #SW25198563