2597 Melbourne DrSan DiegoCA92123
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 2597 Melbourne Dr, San Diego, CA, 92123 in San Diego worth study. Rental yield 5.25%. The 5.25% gross yield is below cash-flow benchmarks at $1,170,000, but 5% annual appreciation, adding $323,249 over five years, frames this as a capital growth position. Rent of $5,123/mo partially offsets the $5,261/mo payment. Ziffy Mortgage finances appreciation-play properties (0.97 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $307,541.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 4.8% |
| Monthly Cash Flow | $(2,115) | $1,850 |
City averages based on San Diego market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,123 |
| Total Monthly Debt Service | $6,772 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1959
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92123, San Diego, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,002 (100%) |
| Owner Occupied HU | 4,828 (37.1%) |
| Renter Occupied HU | 7,520 (57.8%) |
| Vacant Housing Units | 654 ( 5.0%) |
| Median Home Value | $853,319 |
| Average Home Value | $953,415 |
Housing Distribution
Address Breakdown
Residential
12,692
Single Family
8,425
Multi-Family
4,267
Businesses
2,191
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
Single Family
Built in 1959
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92123, San Diego, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,002 (100%) |
| Owner Occupied HU | 4,828 (37.1%) |
| Renter Occupied HU | 7,520 (57.8%) |
| Vacant Housing Units | 654 ( 5.0%) |
| Median Home Value | $853,319 |
| Average Home Value | $953,415 |
Housing Distribution
Address Breakdown
Residential
12,692
Single Family
8,425
Multi-Family
4,267
Businesses
2,191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louis M Goletto III • Palisade Realty Inc
Mls Name: SDMLS
Mls ID: #250038670