6964 Mount Vernon StLemon GroveCA91945
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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 Lemon Grove at 6964 Mount Vernon St, Lemon Grove, CA, 91945 offers a 6.79% rental yield on a $974,999 purchase with $5,515/mo rent. 13% in year one. Equity gained on principal adds $6,292/yr while 5% annual appreciation supports $269,374 over five years. Portfolio math shows five-year ROI at 93.26% and total cumulative return in cash at $299,150. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,515/mo property income against a $4,772/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91945, Lemon Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,392 (100%) |
| Owner Occupied HU | 4,869 (51.8%) |
| Renter Occupied HU | 4,142 (44.1%) |
| Vacant Housing Units | 381 ( 4.1%) |
| Median Home Value | $696,075 |
| Average Home Value | $785,980 |
Housing Distribution
Address Breakdown
Residential
9,328
Single Family
8,269
Multi-Family
1,059
Businesses
640
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Listed by: Yvonne J Mulgrew • Palisade Realty Inc
Mls Name: SDMLS
Mls ID: #250046280