615 Fredricks Ave UNIT 156OceansideCA92058
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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 615 Fredricks Ave UNIT 156, Oceanside, CA, 92058 offers a 8.17% rental yield on a $520,000 purchase with $3,540/mo rent. Total monthly income registers $3,540/mo, and a $2,545/mo payment leaves $323/mo available for distribution. Annual cash flow reaches $3,880/yr on $171,080 to close, and return on cash invested stands at 22.33% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,666 over five years. Portfolio math shows five-year ROI at 115.79% and total cumulative return in cash at $198,095. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,540/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92058, Oceanside, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,152 (100%) |
| Owner Occupied HU | 4,350 (30.7%) |
| Renter Occupied HU | 8,246 (58.3%) |
| Vacant Housing Units | 1,556 (11.0%) |
| Median Home Value | $693,384 |
| Average Home Value | $725,133 |
Housing Distribution
Address Breakdown
Residential
14,572
Single Family
12,432
Multi-Family
2,140
Businesses
586
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Listed by: Ali Naderi • Binesh Realty
Mls Name: SDMLS
Mls ID: #250042215