803 E Lugonia AveRedlandsCA92374
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Redlands rentals match the income profile of 803 E Lugonia Ave, Redlands, CA, 92374. Listed at $354,500, gross rent is $3,839/mo and net cash flow is $1,266/mo, a 12.99% yield well above national averages. DSCR 2.41 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $97,942 by year five with $3,265/yr in annual principal reduction, projecting $217,569 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13% | 6.2% |
| Monthly Cash Flow | $1,266 | $1,200 |
City averages based on Redlands market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,839 |
| Total Monthly Debt Service | $2,432 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
975 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92374, Redlands, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,699 (100%) |
| Owner Occupied HU | 9,435 (56.5%) |
| Renter Occupied HU | 6,368 (38.1%) |
| Vacant Housing Units | 896 ( 5.4%) |
| Median Home Value | $575,888 |
| Average Home Value | $593,358 |
Housing Distribution
Address Breakdown
Residential
15,489
Single Family
13,777
Multi-Family
1,712
Businesses
1,130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1972
975 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92374, Redlands, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,699 (100%) |
| Owner Occupied HU | 9,435 (56.5%) |
| Renter Occupied HU | 6,368 (38.1%) |
| Vacant Housing Units | 896 ( 5.4%) |
| Median Home Value | $575,888 |
| Average Home Value | $593,358 |
Housing Distribution
Address Breakdown
Residential
15,489
Single Family
13,777
Multi-Family
1,712
Businesses
1,130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices