2394 Element Way #2Chula VistaCA91915
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2394 Element Way #2, Chula Vista, CA, 91915 in Chula Vista hard to pass up. The 11.1% gross yield on a $709,999 purchase results in $6,566/mo in rent and $1,430/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.06). Annual cash flow of $17,158, five-year appreciation of $196,160, and $6,539/yr in equity build-up combine for a projected total cumulative return of $364,437.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 5.5% |
| Monthly Cash Flow | $1,430 | $300 |
City averages based on Chula Vista market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,566 |
| Total Monthly Debt Service | $4,854 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2019
N/A lot
$N/A/sqft
$458 monthly HOA
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
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
Condo
Built in 2019
N/A lot
$N/A/sqft
$458 monthly HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices