2941 Palm StSan DiegoCA92104
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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 2941 Palm St, San Diego, CA, 92104 generates $5,842/mo in rent, after a $7,024/mo payment. Total monthly income is $5,842/mo. Return on cash invested sits at 12.54% in year one, and rental yield is 4.89% on a $1,435,000 entry. Equity gained on principal adds $9,260/yr, while 5% annual appreciation builds toward $396,464 over five years. Five-year ROI reaches 63.2% and total cumulative return in cash sums $293,836. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,842/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92104, San Diego, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,381 (100%) |
| Owner Occupied HU | 6,156 (25.2%) |
| Renter Occupied HU | 16,456 (67.5%) |
| Vacant Housing Units | 1,769 ( 7.3%) |
| Median Home Value | $973,137 |
| Average Home Value | $1,060,664 |
Housing Distribution
Address Breakdown
Residential
22,580
Single Family
12,209
Multi-Family
10,371
Businesses
927
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Listed by: Ron Rooney • eXp Realty of California, Inc.
Mls Name: SDMLS
Mls ID: #250038359