31531 Wakefield AveHomelandCA92548
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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 Homeland at 31531 Wakefield Ave, Homeland, CA, 92548 listed at $610,000 pairs $2,916/mo rent with a $2,986/mo payment. Total monthly income runs $2,916/mo. Return on cash invested measures 14.93% in year one, and rental yield registers 5.74% at a $610,000 basis. Equity gained on principal adds $3,936/yr, and annual property appreciation at 5% supports $168,532 by year five. Five-year ROI tracks 76.13% and total cumulative return in cash totals $152,779. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,916/mo property income relative to a $2,986/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92548, Homeland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,121 (100%) |
| Owner Occupied HU | 2,231 (71.5%) |
| Renter Occupied HU | 695 (22.3%) |
| Vacant Housing Units | 195 ( 6.2%) |
| Median Home Value | $247,066 |
| Average Home Value | $392,761 |
Housing Distribution
Address Breakdown
Residential
2,459
Single Family
1,936
Multi-Family
523
Businesses
51
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Listed by: MARYANN WILLIAMS • Berkshire Hathaway Homeservices California Realty
Mls Name: CRMLS
Mls ID: #IG25168184