4847 Parks Ave APT 23La MesaCA91942
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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 La Mesa at 4847 Parks Ave APT 23, La Mesa, CA, 91942 generates $2,976/mo in rent, after a $2,251/mo payment. Total monthly income is $2,976/mo. Return on cash invested sits at 17.51% in year one, and rental yield is 7.76% on a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 91.2% and total cumulative return in cash sums $139,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,976/mo property income rather than buyer’s personal income.
Condo
Built in 2000
0.59 Acres lot
$N/A/sqft
$263 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91942, La Mesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,258 (100%) |
| Owner Occupied HU | 7,627 (41.8%) |
| Renter Occupied HU | 9,788 (53.6%) |
| Vacant Housing Units | 843 ( 4.6%) |
| Median Home Value | $801,305 |
| Average Home Value | $819,949 |
Housing Distribution
Address Breakdown
Residential
18,277
Single Family
11,551
Multi-Family
6,726
Businesses
1,819
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Listed by: Susan C Mullett • Redfin Corporation
Mls Name: SDMLS
Mls Provider:
Mls ID: #220028101
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