31009 Summit DrRunning SpringsCA92382
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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 Running Springs at 31009 Summit Dr, Running Springs, CA, 92382 uses $97,130 cash to close to unlock $7,530/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $2,440/mo, and a $1,434/mo payment keeps the spread at $628/mo. Purchase price stands at $293,000, and rental yield measures 9.99% with $2,440/mo rent. Return on cash invested shows 27.66% in year one, and 5% annual appreciation builds toward $80,951 over five years. Five-year ROI reaches 144.42% and total cumulative return in cash records $140,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,440/mo property income covering a $1,434/mo payment rather than investor’s personal income.
Single Family
Built in 1972
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92382, Running Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,947 (100%) |
| Owner Occupied HU | 1,858 (47.1%) |
| Renter Occupied HU | 545 (13.8%) |
| Vacant Housing Units | 1,544 (39.1%) |
| Median Home Value | $492,337 |
| Average Home Value | $578,103 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
116
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Listed by: Joseph Limo • EXP REALTY OF CALIFORNIA INC
Mls Name: CRMLS
Mls ID: #CV25066563