230 W 3rd St #238WestmorlandCA92281
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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 Westmorland at 230 W 3rd St #238, Westmorland, CA, 92281 generates $750/mo in rent, after a $1,957/mo payment. Total monthly income is $750/mo. Return on cash invested sits at 4.31% in year one, and rental yield is 2.25% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 19.19% and total cumulative return in cash sums $25,436. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $750/mo property income rather than buyer’s personal income.
Multi Family
Built in 1989
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92281, Westmorland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 707 (100%) |
| Owner Occupied HU | 325 (46.0%) |
| Renter Occupied HU | 346 (48.9%) |
| Vacant Housing Units | 36 ( 5.1%) |
| Median Home Value | $369,545 |
| Average Home Value | $394,346 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
45
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Listed by: Jitendra Goyal • Exit Imperial Realty
Mls Name: ICAOR
Mls Provider:
Mls ID: #24453953IC
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.