638 E Pioneer AveRedlandsCA92374
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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 Redlands at 638 E Pioneer Ave, Redlands, CA, 92374 offers a 7.46% rental yield on a $499,000 purchase with $3,101/mo rent. Total monthly income registers $3,101/mo, and a $2,442/mo payment leaves $14/mo available for distribution. Annual cash flow reaches $173/yr on $165,419 to close, and return on cash invested stands at 20.01% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 103.41% and total cumulative return in cash at $171,054. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,101/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92374, Redlands, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,699 (100%) |
| Owner Occupied HU | 9,435 (56.5%) |
| Renter Occupied HU | 6,368 (38.1%) |
| Vacant Housing Units | 896 ( 5.4%) |
| Median Home Value | $575,888 |
| Average Home Value | $593,358 |
Housing Distribution
Address Breakdown
Residential
15,489
Single Family
13,777
Multi-Family
1,712
Businesses
1,130
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Listed by: Melissa Morse • FAMILY TREE REALTY, INC.
Mls Name: CRMLS
Mls ID: #IG25186223