979 Pomelo AveRedlandsCA92374
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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 Redlands at 979 Pomelo Ave, Redlands, CA, 92374 generates $7,540/mo in rent and, after a $3,727/mo payment, leaves $2,744/mo in cash flow. Total monthly income is $7,540/mo, and annual cash flow is $32,933/yr on $250,534 invested. Return on cash invested sits at 33.21% in year one, and rental yield is 11.88% on a $761,500 entry. Equity gained on principal adds $4,914/yr, while 5% annual appreciation builds toward $210,388 over five years. Five-year ROI reaches 174.26% and total cumulative return in cash sums $436,576. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,540/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
7,200 sqft lot
$N/A/sqft
$85 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
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Listed by: Michelle Shepherd • Meritage Homes of California
Mls Name: CRMLS
Mls Provider:
Mls ID: #OC24115210
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information