109 Lorita WayHanfordCA93230
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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 Hanford at 109 Lorita Way, Hanford, CA, 93230 with 5% annual appreciation on a $285,000 basis while $1,931/mo rent supports operations. Total monthly income totals $1,931/mo and a $1,395/mo payment preserves $168/mo for cash returns. Annual cash flow comes to $2,014/yr on $94,478 deployed, and return on cash invested reaches 22.04% in year one. Equity gained on principal adds $1,839/yr, and five-year appreciation sums $78,740 alongside rental yield of 8.13%. Five-year ROI measures 114.28% and total cumulative return in cash totals $107,970.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,931/mo property income versus a $1,395/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93230, Hanford, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,861 (100%) |
| Owner Occupied HU | 14,249 (57.3%) |
| Renter Occupied HU | 9,414 (37.9%) |
| Vacant Housing Units | 1,198 ( 4.8%) |
| Median Home Value | $364,604 |
| Average Home Value | $391,214 |
Housing Distribution
Address Breakdown
Residential
24,064
Single Family
22,169
Multi-Family
1,895
Businesses
1,521
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Listed by: Rex P. Ryan • Real Broker
Mls Name: Fresno MLS
Mls ID: #630140