5005 Codorniz Way UNIT 8OceansideCA92057
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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 Oceanside at 5005 Codorniz Way UNIT 8, Oceanside, CA, 92057 listed at $638,000 pairs $4,007/mo rent with a $3,123/mo payment to leave $60/mo cash flow. Total monthly income runs $4,007/mo, and annual cash flow reaches $719/yr on $209,902 cash to close. Return on cash invested measures 20.4% in year one, and rental yield registers 7.54% at a $638,000 basis. Equity gained on principal adds $4,117/yr, and annual property appreciation at 5% supports $176,268 by year five. Five-year ROI tracks 105.44% and total cumulative return in cash totals $221,330. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,007/mo property income relative to a $3,123/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92057, Oceanside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,327 (100%) |
| Owner Occupied HU | 13,437 (66.1%) |
| Renter Occupied HU | 6,049 (29.8%) |
| Vacant Housing Units | 841 ( 4.1%) |
| Median Home Value | $787,909 |
| Average Home Value | $801,460 |
Housing Distribution
Address Breakdown
Residential
19,670
Single Family
18,356
Multi-Family
1,314
Businesses
237
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Listed by: Nicole Amiatu • HomeSmart Realty West
Mls Name: CRMLS
Mls ID: #NDP2508516