424 Island AveWilmingtonCA90744
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wilmington at 424 Island Ave, Wilmington, CA, 90744 uses $223,391 cash to close to unlock $6,167/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $4,714/mo, and a $3,323/mo payment keeps the spread at $514/mo. Purchase price stands at $679,000, and rental yield measures 8.33% with $4,714/mo rent. Return on cash invested shows 22.82% in year one, and 5% annual appreciation builds toward $187,595 over five years. Five-year ROI reaches 118.41% and total cumulative return in cash records $264,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,714/mo property income covering a $3,323/mo payment rather than investor’s personal income.
Multi Family
Built in 1954
7,512 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90744, Wilmington, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,211 (100%) |
| Owner Occupied HU | 5,750 (37.8%) |
| Renter Occupied HU | 9,107 (59.9%) |
| Vacant Housing Units | 354 ( 2.3%) |
| Median Home Value | $658,570 |
| Average Home Value | $725,741 |
Housing Distribution
Address Breakdown
Residential
14,748
Single Family
10,269
Multi-Family
4,479
Businesses
1,478
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alice Rodriguez • Keller Williams Realty
Mls Name: CRMLS
Mls ID: #SB25145499