923 Melba RdEncinitasCA92024
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
Investment Highlights
Investment property for sale in Encinitas at 923 Melba Rd, Encinitas, CA, 92024 offers a 4.32% rental yield on a $1,689,000 purchase with $6,081/mo rent. 79% in year one. Equity gained on principal adds $10,899/yr while 5% annual appreciation supports $466,640 over five years. Portfolio math shows five-year ROI at 53.85% and total cumulative return in cash at $294,706. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,081/mo property income against a $8,267/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1957
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92024, Encinitas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,979 (100%) |
| Owner Occupied HU | 13,451 (61.2%) |
| Renter Occupied HU | 6,872 (31.3%) |
| Vacant Housing Units | 1,656 ( 7.5%) |
| Median Home Value | $1,556,280 |
| Average Home Value | $1,573,906 |
Housing Distribution
Address Breakdown
Residential
20,654
Single Family
18,109
Multi-Family
2,545
Businesses
2,033
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Taylor M Robertson • Realty Source Incorporated
Mls Name: SDMLS
Mls ID: #250044803