2888 Iris Ave SPACE 99San 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
Rental property for sale in San Diego at 2888 Iris Ave SPACE 99, San Diego, CA, 92154 generates $1,879/mo in rent and, after a $1,297/mo payment, leaves $240/mo in cash flow. Total monthly income is $1,879/mo, and annual cash flow is $2,876/yr on $87,848 invested. Return on cash invested sits at 23.18% in year one, and rental yield is 8.51% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 120.4% and total cumulative return in cash sums $105,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,879/mo property income rather than buyer’s personal income.
Manufactured
Built in N/A
N/A 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: Francia Castro • Exp Realty Of California, Inc.
Mls Name: eXp Realty
Mls ID: #CRPTP2508392