1020 Thomas WayDelanoCA93215
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
Rental property for sale in Delano at 1020 Thomas Way, Delano, CA, 93215 priced at $282,000 pairs $3,076/mo rent with $1,332/mo cash flow after a $1,380/mo payment. Total monthly income equals $3,076/mo, and annual cash flow comes to $15,981/yr on $93,483 invested. Return on cash invested is 37% in year one, and rental yield stands at 13.09% on a $282,000 basis. Equity gained on principal adds $1,820/yr, and 5% annual appreciation accumulates to $77,911 by year five. Five-year ROI measures 194.51% and total cumulative return in cash reaches $181,837. For financing, Ziffy Mortgage’s DSCR program evaluates $3,076/mo property income against a $1,380/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93215, Delano, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,364 (100%) |
| Owner Occupied HU | 7,205 (53.9%) |
| Renter Occupied HU | 5,603 (41.9%) |
| Vacant Housing Units | 556 ( 4.2%) |
| Median Home Value | $325,504 |
| Average Home Value | $397,259 |
Housing Distribution
Address Breakdown
Residential
12,161
Single Family
11,544
Multi-Family
617
Businesses
901
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Nearby investment properties with comparable prices
Listed by: Eduardo Garcia • Majestic Palm Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202404650
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.