2950 Iris Ave SPACE 51San 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 2950 Iris Ave SPACE 51, San Diego, CA, 92154 uses $95,804 cash to close to unlock $3,332/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $2,066/mo, and a $1,415/mo payment keeps the spread at $278/mo. Purchase price stands at $289,000, and rental yield measures 8.58% with $2,066/mo rent. Return on cash invested shows 23.39% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash records $116,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,066/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
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: Todd Su • Advantage Homes
Mls Name: My State MLS
Mls ID: #11416921