1115 Paris PlaceLemooreCA93245
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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 Lemoore at 1115 Paris Place, Lemoore, CA, 93245 priced at $430,000 pairs $4,182/mo rent with $1,522/mo cash flow after a $2,105/mo payment. Total monthly income equals $4,182/mo, and annual cash flow comes to $18,259/yr on $142,545 invested. Return on cash invested is 32.72% in year one, and rental yield stands at 11.67% on a $430,000 basis. Equity gained on principal adds $2,775/yr, and 5% annual appreciation accumulates to $118,801 by year five. Five-year ROI measures 171.54% and total cumulative return in cash reaches $244,515. For financing, Ziffy Mortgage’s DSCR program evaluates $4,182/mo property income against a $2,105/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
0.26 Acres 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: Toni Bowen • Century 21 Jordan-Link & Co.
Mls Name: TCMLS
Mls Provider:
Mls ID: #231093
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-09-04 22:41:39 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.