2824 N Waterman AveSan BernardinoCA92404
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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 San Bernardino at 2824 N Waterman Ave, San Bernardino, CA, 92404 offers a 11.34% rental yield on a $325,000 purchase with $3,070/mo rent. Total monthly income registers $3,070/mo, and a $1,591/mo payment leaves $1,059/mo available for distribution. Annual cash flow reaches $12,710/yr on $107,738 to close, and return on cash invested stands at 31.71% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 166.14% and total cumulative return in cash at $178,993. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,070/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
6,570 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92404, San Bernardino, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,109 (100%) |
| Owner Occupied HU | 8,843 (44.0%) |
| Renter Occupied HU | 10,414 (51.8%) |
| Vacant Housing Units | 852 ( 4.2%) |
| Median Home Value | $436,271 |
| Average Home Value | $476,818 |
Housing Distribution
Address Breakdown
Residential
18,428
Single Family
13,907
Multi-Family
4,521
Businesses
662
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Listed by: Stefanie Ward • Coldwell Banker Home Source
Mls Name: CRMLS
Mls ID: #HD25200362