255 S 2nd St UNIT 7El CajonCA92019
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 255 S 2nd St UNIT 7, El Cajon, CA, 92019 in El Cajon. At $469,999 it earns $3,635/mo in rent and distributes $727/mo to the owner after the $2,113/mo payment, a consistent 9.28% yield. DSCR 1.72 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $129,852 in value; $4,329/yr in principal paydown compounds ownership stake. Total projected return: $225,039.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 5.2% |
| Monthly Cash Flow | $727 | $350 |
City averages based on El Cajon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,635 |
| Total Monthly Debt Service | $2,720 |
| DSCR Ratio | 1.34x |
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 2000
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92019, El Cajon, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,429 (100%) |
| Owner Occupied HU | 9,776 (63.4%) |
| Renter Occupied HU | 5,127 (33.2%) |
| Vacant Housing Units | 526 ( 3.4%) |
| Median Home Value | $880,528 |
| Average Home Value | $952,188 |
Housing Distribution
Address Breakdown
Residential
15,313
Single Family
13,866
Multi-Family
1,447
Businesses
431
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 2000
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92019, El Cajon, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,429 (100%) |
| Owner Occupied HU | 9,776 (63.4%) |
| Renter Occupied HU | 5,127 (33.2%) |
| Vacant Housing Units | 526 ( 3.4%) |
| Median Home Value | $880,528 |
| Average Home Value | $952,188 |
Housing Distribution
Address Breakdown
Residential
15,313
Single Family
13,866
Multi-Family
1,447
Businesses
431
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mariam Mechael • Realty Executives Dillon
Mls Name: CRMLS
Mls ID: #PTP2508986