2366 Main StRamonaCA92065
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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 Ramona at 2366 Main St, Ramona, CA, 92065 offers a 3.5% rental yield on a $1,394,990 purchase with $4,074/mo rent. 27% in year one. Equity gained on principal adds $9,002/yr while 5% annual appreciation supports $385,410 over five years. Portfolio math shows five-year ROI at 40.35% and total cumulative return in cash at $182,394. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,074/mo property income against a $6,828/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92065, Ramona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,104 (100%) |
| Owner Occupied HU | 9,395 (71.7%) |
| Renter Occupied HU | 3,225 (24.6%) |
| Vacant Housing Units | 484 ( 3.7%) |
| Median Home Value | $841,572 |
| Average Home Value | $884,246 |
Housing Distribution
Address Breakdown
Residential
12,387
Single Family
10,800
Multi-Family
1,587
Businesses
1,041
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Listed by: Joseph Vahedi • eXp Realty of Southern CA
Mls Name: CRMLS
Mls ID: #NDP2508368