3846 38th St UNIT 5San DiegoCA92105
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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 San Diego at 3846 38th St UNIT 5, San Diego, CA, 92105 uses $132,269 cash to close to unlock $2,647/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $2,689/mo, and a $1,953/mo payment keeps the spread at $221/mo. Purchase price stands at $399,000, and rental yield measures 8.09% with $2,689/mo rent. Return on cash invested shows 21.91% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 113.58% and total cumulative return in cash records $150,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,689/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92105, San Diego, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,296 (100%) |
| Owner Occupied HU | 6,586 (29.5%) |
| Renter Occupied HU | 14,794 (66.4%) |
| Vacant Housing Units | 916 ( 4.1%) |
| Median Home Value | $680,644 |
| Average Home Value | $791,591 |
Housing Distribution
Address Breakdown
Residential
21,939
Single Family
13,879
Multi-Family
8,060
Businesses
865
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Listed by: Voltaire Lepe • eXp Realty of California, Inc.
Mls Name: SDMLS
Mls ID: #2601050