1117 Tern WayPattersonCA95363
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 Patterson at 1117 Tern Way, Patterson, CA, 95363 offers $2,891/mo rent that, after a $2,393/mo payment. Total monthly income is $2,891/mo. Return on cash invested measures 18.5% in year one, and rental yield stands at 7.09% at a $489,000 entry. Equity gained on principal adds $3,155/yr while 5% annual appreciation compounds into $135,102 by year five. Five-year ROI records 95.46% and total cumulative return in cash reaches $154,750. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,891/mo property income versus a $2,393/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95363, Patterson, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,283 (100%) |
| Owner Occupied HU | 6,117 (65.9%) |
| Renter Occupied HU | 2,745 (29.6%) |
| Vacant Housing Units | 421 ( 4.5%) |
| Median Home Value | $497,359 |
| Average Home Value | $544,890 |
Housing Distribution
Address Breakdown
Residential
8,733
Single Family
8,629
Multi-Family
104
Businesses
541
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Listed by: Rhonda Wheeland • Realty World-RW Properties
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224126646
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.