7700 Parkway Dr UNIT 17La MesaCA91942
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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 La Mesa at 7700 Parkway Dr UNIT 17, La Mesa, CA, 91942 listed at $609,900 pairs $4,030/mo rent with a $2,985/mo payment to leave $257/mo cash flow. Total monthly income runs $4,030/mo, and annual cash flow reaches $3,087/yr on $200,657 cash to close. Return on cash invested measures 21.6% in year one, and rental yield registers 7.93% at a $609,900 basis. Equity gained on principal adds $3,936/yr, and annual property appreciation at 5% supports $168,504 by year five. Five-year ROI tracks 111.88% and total cumulative return in cash totals $224,496. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,030/mo property income relative to a $2,985/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91942, La Mesa, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,258 (100%) |
| Owner Occupied HU | 7,627 (41.8%) |
| Renter Occupied HU | 9,788 (53.6%) |
| Vacant Housing Units | 843 ( 4.6%) |
| Median Home Value | $801,305 |
| Average Home Value | $819,949 |
Housing Distribution
Address Breakdown
Residential
18,277
Single Family
11,551
Multi-Family
6,726
Businesses
1,819
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Listed by: Chad M Trower • eXp Realty of California, Inc.
Mls Name: SDMLS
Mls ID: #250035955