7735 Saranac Pl UNIT 58La 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 7735 Saranac Pl UNIT 58, La Mesa, CA, 91942 offers a 7.45% rental yield on a $545,500 purchase with $3,385/mo rent. Total monthly income registers $3,385/mo, and a $2,670/mo payment leaves $10/mo available for distribution. Annual cash flow reaches $125/yr on $179,470 to close, and return on cash invested stands at 20.13% in year one. Equity gained on principal adds $3,520/yr while 5% annual appreciation supports $150,712 over five years. Portfolio math shows five-year ROI at 103.99% and total cumulative return in cash at $186,637. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,385/mo property income against a $2,670/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A 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: Salvatore A D Acquisto • San Diego's Finest RE GroupInc
Mls Name: SDMLS
Mls ID: #260001417