2888 Iris Ave SPACE 84San DiegoCA92154
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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 Diego at 2888 Iris Ave SPACE 84, San Diego, CA, 92154 listed at $210,000 pairs $1,486/mo rent with a $1,028/mo payment to leave $187/mo cash flow. Total monthly income runs $1,486/mo, and annual cash flow reaches $2,241/yr on $69,615 cash to close. Return on cash invested measures 23.13% in year one, and rental yield registers 8.49% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 120.12% and total cumulative return in cash totals $83,620. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,486/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1991
2,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92154, San Diego, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,464 (100%) |
| Owner Occupied HU | 14,302 (58.5%) |
| Renter Occupied HU | 9,352 (38.2%) |
| Vacant Housing Units | 810 ( 3.3%) |
| Median Home Value | $631,593 |
| Average Home Value | $636,977 |
Housing Distribution
Address Breakdown
Residential
23,587
Single Family
20,843
Multi-Family
2,744
Businesses
2,046
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Listed by: Norma Delgadillo • Realty One Group Pacific
Mls Name: CRMLS
Mls ID: #PTP2509236