585 S Sierra Ave UNIT 21Solana BeachCA92075
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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 Solana Beach at 585 S Sierra Ave UNIT 21, Solana Beach, CA, 92075 earns from $5,905/mo rent with a $8,439/mo payment. Total monthly income totals $5,905/mo. ROI tracks 10.14% on current figures, and rental yield reads 4.11% at a $1,724,200 purchase. Equity gained on principal adds $11,126/yr, and 5% annual appreciation supports $476,365 over five years. Five-year ROI reaches 50.37% and total cumulative return in cash sums $281,361. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,905/mo property income instead of your personal income.
Condo
Built in 1974
4.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92075, Solana Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,215 (100%) |
| Owner Occupied HU | 3,258 (52.4%) |
| Renter Occupied HU | 2,036 (32.8%) |
| Vacant Housing Units | 921 (14.8%) |
| Median Home Value | $1,846,774 |
| Average Home Value | $1,762,791 |
Housing Distribution
Address Breakdown
Residential
5,565
Single Family
4,046
Multi-Family
1,519
Businesses
1,373
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Listed by: Cati Byrne • Willis Allen Real Estate
Mls Name: Willis Allen Real Estate
Mls ID: #NDP2406343