1068 Hanover AveLemooreCA93245
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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
Investment property for sale in Lemoore at 1068 Hanover Ave, Lemoore, CA, 93245 offers a 7.65% rental yield on a $400,000 purchase with $2,551/mo rent. Total monthly income registers $2,551/mo, and a $1,958/mo payment leaves $76/mo available for distribution. Annual cash flow reaches $916/yr on $132,600 to close, and return on cash invested stands at 20.6% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 106.55% and total cumulative return in cash at $141,292. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,551/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
9,535 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93245, Lemoore, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,457 (100%) |
| Owner Occupied HU | 6,236 (46.3%) |
| Renter Occupied HU | 6,351 (47.2%) |
| Vacant Housing Units | 870 ( 6.5%) |
| Median Home Value | $354,338 |
| Average Home Value | $398,054 |
Housing Distribution
Address Breakdown
Residential
12,775
Single Family
11,654
Multi-Family
1,121
Businesses
614
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Listed by: Nicole E. Dickey • Top Hook Realty, Inc.
Mls Name: Kings County MLS
Mls Provider:
Mls ID: #231720
Disclaimer: Based on information from the Kings County Board of REALTORS, (alternatively, from the Kings County MLS) as of 2025-03-19 18:31:07 PDT. 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.