7224 Melotte StSan DiegoCA92119
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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
Rental property for sale in San Diego at 7224 Melotte St, San Diego, CA, 92119 generates $5,926/mo in rent, after a $7,097/mo payment. Total monthly income is $5,926/mo. Return on cash invested sits at 12.59% in year one, and rental yield is 4.9% on a $1,450,000 entry. Equity gained on principal adds $9,357/yr, while 5% annual appreciation builds toward $400,608 over five years. Five-year ROI reaches 63.52% and total cumulative return in cash sums $298,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,926/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92119, San Diego, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,813 (100%) |
| Owner Occupied HU | 6,646 (67.7%) |
| Renter Occupied HU | 2,879 (29.3%) |
| Vacant Housing Units | 288 ( 2.9%) |
| Median Home Value | $878,628 |
| Average Home Value | $932,740 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
7,802
Multi-Family
2,009
Businesses
200
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Listed by: Glenn S Bennett • Cowles Mountain Realty
Mls Name: SDMLS
Mls ID: #250046208