585 S Sierra Ave UNIT 27Solana 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 27, Solana Beach, CA, 92075 offers a 3.67% rental yield on a $1,599,000 purchase with $4,890/mo rent. 79% in year one. Equity gained on principal adds $10,318/yr while 5% annual appreciation supports $441,774 over five years. Portfolio math shows five-year ROI at 43.09% and total cumulative return in cash at $223,225. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,890/mo property income against a $7,826/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
4.72 sqft 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: Sharon Anderson • Keller Williams Realty
Mls Name: CRMLS
Mls ID: #NDP2509287