1043 Lafayette AvenueLindsayCA93247
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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 Lindsay at 1043 Lafayette Avenue, Lindsay, CA, 93247 priced at $349,900 converts $2,078/mo rent into after a $1,713/mo obligation. Total monthly income equals $2,078/mo. Return on cash invested prints 19.01% in year one, and rental yield reads 7.13% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 98.06% and total cumulative return in cash sums $113,742. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,078/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2009
5,488 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93247, Lindsay, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,293 (100%) |
| Owner Occupied HU | 2,857 (54.0%) |
| Renter Occupied HU | 2,179 (41.2%) |
| Vacant Housing Units | 257 ( 4.9%) |
| Median Home Value | $293,443 |
| Average Home Value | $349,646 |
Housing Distribution
Address Breakdown
Residential
5,113
Single Family
4,835
Multi-Family
278
Businesses
374
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Listed by: Caleb M Allen-Saucedo • eXp Realty of Greater Los Angeles, Inc
Mls Name: TCMLS
Mls Provider:
Mls ID: #233390
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2025-02-12 08:50:39 PST. 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.