349 Willowspring DrEncinitasCA92024
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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 Encinitas at 349 Willowspring Dr, Encinitas, CA, 92024 priced at $1,795,000 converts $5,762/mo rent into after a $8,786/mo obligation. Total monthly income equals $5,762/mo. Return on cash invested prints 9.35% in year one, and rental yield reads 3.85% against a $1,795,000 entry. Equity gained on principal adds $11,583/yr, while 5% annual appreciation compiles into $495,925 by year five. Five-year ROI reaches 46.1% and total cumulative return in cash sums $268,093. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,762/mo property income covering a $8,786/mo payment, not borrower’s personal income.
Single Family
Built in 1974
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92024, Encinitas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,979 (100%) |
| Owner Occupied HU | 13,451 (61.2%) |
| Renter Occupied HU | 6,872 (31.3%) |
| Vacant Housing Units | 1,656 ( 7.5%) |
| Median Home Value | $1,556,280 |
| Average Home Value | $1,573,906 |
Housing Distribution
Address Breakdown
Residential
20,654
Single Family
18,109
Multi-Family
2,545
Businesses
2,033
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Listed by: Carolyn Anne Ford • Check Inc.
Mls Name: SDMLS
Mls ID: #250032204