338 S 2nd StEl 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
Rental property for sale in El Centro at 338 S 2nd St, El Centro, CA, 92243 priced at $185,000 converts $1,747/mo rent into $603/mo cash flow after a $905/mo obligation. Total monthly income equals $1,747/mo, and annual cash flow totals $7,236/yr on $61,328 invested. Return on cash invested prints 31.71% in year one, and rental yield reads 11.33% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 166.19% and total cumulative return in cash sums $101,919. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,747/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.26 Acres lot
$N/A/sqft
No 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: Ramona Ramirez • Rubio Realty & Assoc.
Mls Name: ICAOR
Mls Provider:
Mls ID: #25475901IC
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.