1127 N Gem StreetTulareCA93274
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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 Tulare at 1127 N Gem Street, Tulare, CA, 93274 priced at $389,000 converts $3,887/mo rent into $1,481/mo cash flow after a $1,904/mo obligation. Total monthly income equals $3,887/mo, and annual cash flow totals $17,766/yr on $128,954 invested. Return on cash invested prints 33.69% in year one, and rental yield reads 11.99% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 176.73% and total cumulative return in cash sums $227,898. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,887/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1974
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93274, Tulare, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 14,897 (57.6%) |
| Renter Occupied HU | 9,895 (38.2%) |
| Vacant Housing Units | 1,081 ( 4.2%) |
| Median Home Value | $359,520 |
| Average Home Value | $395,082 |
Housing Distribution
Address Breakdown
Residential
24,756
Single Family
24,049
Multi-Family
707
Businesses
1,433
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Listed by: Linda B Martin • Keller Williams Realty-Tulare
Mls Name: TCMLS
Mls Provider:
Mls ID: #230458
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-08-14 13:47:47 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.