703 W L StWilmingtonCA90744
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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 Wilmington at 703 W L St, Wilmington, CA, 90744 uses $197,071 cash to close to unlock $8,955/yr annual cash flow and $746/mo monthly cash flow. Total monthly income runs $4,452/mo, and a $2,932/mo payment keeps the spread at $746/mo. Purchase price stands at $599,000, and rental yield measures 8.92% with $4,452/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 128% and total cumulative return in cash records $252,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,452/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Multi Family
Built in 1914
6,651 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90744, Wilmington, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,211 (100%) |
| Owner Occupied HU | 5,750 (37.8%) |
| Renter Occupied HU | 9,107 (59.9%) |
| Vacant Housing Units | 354 ( 2.3%) |
| Median Home Value | $658,570 |
| Average Home Value | $725,741 |
Housing Distribution
Address Breakdown
Residential
14,748
Single Family
10,269
Multi-Family
4,479
Businesses
1,478
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Listed by: Steven Bogoyevac • Steven M. Bogoyevac, Broker
Mls Name: CRMLS
Mls ID: #PW26001776