306 S Waterman Ave UNIT CEl CentroCA92243
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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 El Centro at 306 S Waterman Ave UNIT C, El Centro, CA, 92243 with 5% annual appreciation on a $208,000 basis while $1,558/mo rent supports operations. 41% in year one. Equity gained on principal adds $1,342/yr, and five-year appreciation sums $57,467 alongside rental yield of 8.99%. Five-year ROI measures 102.11% and total cumulative return in cash totals $70,404. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,558/mo property income versus a $1,018/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1980
440 Acres lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92243, El Centro, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,141 (100%) |
| Owner Occupied HU | 7,616 (44.4%) |
| Renter Occupied HU | 8,323 (48.6%) |
| Vacant Housing Units | 1,202 ( 7.0%) |
| Median Home Value | $323,340 |
| Average Home Value | $323,696 |
Housing Distribution
Address Breakdown
Residential
15,994
Single Family
13,457
Multi-Family
2,537
Businesses
1,683
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Listed by: Alcy Garcia • Gold Key Real Estate
Mls Name: ICAOR
Mls Provider:
Mls ID: #25547525IC
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.