24 W South AveRedlandsCA92373
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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 Redlands at 24 W South Ave, Redlands, CA, 92373 with 5% annual appreciation on a $656,900 basis while $5,160/mo rent supports operations. Total monthly income totals $5,160/mo and a $3,215/mo payment preserves $1,097/mo for cash returns. Annual cash flow comes to $13,158/yr on $216,120 deployed, and return on cash invested reaches 26.15% in year one. Equity gained on principal adds $4,239/yr, and five-year appreciation sums $181,489 alongside rental yield of 9.43%. Five-year ROI measures 136.27% and total cumulative return in cash totals $294,512.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,160/mo property income versus a $3,215/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
9,563 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92373, Redlands, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,245 (100%) |
| Owner Occupied HU | 7,830 (51.4%) |
| Renter Occupied HU | 6,491 (42.6%) |
| Vacant Housing Units | 924 ( 6.1%) |
| Median Home Value | $758,476 |
| Average Home Value | $798,195 |
Housing Distribution
Address Breakdown
Residential
14,804
Single Family
13,146
Multi-Family
1,658
Businesses
1,686
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