864 Rango WayBorrego SpringsCA92004
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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 Borrego Springs at 864 Rango Way, Borrego Springs, CA, 92004 generates $3,946/mo in rent and, after a $2,154/mo payment, leaves $1,224/mo in cash flow. Total monthly income is $3,946/mo, and annual cash flow is $14,684/yr on $145,860 invested. Return on cash invested sits at 29.98% in year one, and rental yield is 10.76% on a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 156.82% and total cumulative return in cash sums $228,742. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,946/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92004, Borrego Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,999 (100%) |
| Owner Occupied HU | 1,242 (41.4%) |
| Renter Occupied HU | 388 (12.9%) |
| Vacant Housing Units | 1,369 (45.6%) |
| Median Home Value | $556,818 |
| Average Home Value | $811,886 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
139
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Listed by: Katherine King • Coldwell Banker Borrego
Mls Name: CRMLS
Mls ID: #NDP2508764