2325 Element Way APT 4Chula VistaCA91915
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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 Chula Vista at 2325 Element Way APT 4, Chula Vista, CA, 91915 generates $4,111/mo in rent, after a $3,475/mo payment. Total monthly income is $4,111/mo. Return on cash invested sits at 13.66% in year one, and rental yield is 6.95% on a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation builds toward $196,160 over five years. Five-year ROI reaches 71.1% and total cumulative return in cash sums $166,091. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,111/mo property income rather than buyer’s personal income.
Condo
Built in 2017
10 Acres lot
$N/A/sqft
$468 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 91915, Chula Vista, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,975 (100%) |
| Owner Occupied HU | 7,385 (61.7%) |
| Renter Occupied HU | 3,849 (32.1%) |
| Vacant Housing Units | 741 ( 6.2%) |
| Median Home Value | $827,670 |
| Average Home Value | $888,553 |
Housing Distribution
Address Breakdown
Residential
11,606
Single Family
11,160
Multi-Family
446
Businesses
368
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-26 | Listed for rent | $4,100 |
| 2024-10-03 | Listed for sale | $710,000 |
| 2023-08-03 | Sold | $670,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-08 | $11284.64 | 25.06% | $670,000 | 40.39% |
| 2023-01-08 | $9023.28 | 3.15% | $477,231 | 2.00% |
| 2022-01-08 | $8748.06 | 2.37% | $467,875 | 2.00% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 2017
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,430 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: Central Air
- Flooring: N/A
- Interior Features: All Bedrooms Up
- Exterior Features: N/A
- Parking Features: Garage - Attached
Location
- City: Chula Vista
- State: CA
- Subdivision: N/A
- Lot Size: 10 Acres
- Lot Features: N/A
- View: Mountain(s)
HOA & Fees
- HOA Fee: $468 monthly
- Association Fee: $468 monthly
- Fees & Dues: N/A
- Association Amenities: Playground, Pool, Spa/Hot Tub
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: Eastlake
- High School: Olympian
Listed by: Angelica Martinez • FOSTER HAMILTON Real Estate Co
Mls Name: CRMLS
Mls Provider:
Mls ID: #PTP2406034
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information