1232 Iris StWascoCA93280
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 Wasco at 1232 Iris St, Wasco, CA, 93280 priced at $289,500 converts $2,176/mo rent into $361/mo cash flow after a $1,417/mo obligation. Total monthly income equals $2,176/mo, and annual cash flow totals $4,337/yr on $95,969 invested. Return on cash invested prints 24.43% in year one, and rental yield reads 9.02% against a $289,500 entry. Equity gained on principal adds $1,868/yr, while 5% annual appreciation compiles into $79,984 by year five. Five-year ROI reaches 127.21% and total cumulative return in cash sums $122,079. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,176/mo property income covering a $1,417/mo payment, not borrower’s personal income.
Single Family
Built in 1978
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93280, Wasco, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,875 (100%) |
| Owner Occupied HU | 3,677 (53.5%) |
| Renter Occupied HU | 2,911 (42.3%) |
| Vacant Housing Units | 287 ( 4.2%) |
| Median Home Value | $289,968 |
| Average Home Value | $339,895 |
Housing Distribution
Address Breakdown
Residential
6,627
Single Family
6,276
Multi-Family
351
Businesses
421
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Nearby investment properties with comparable prices
Listed by: Maria Maura Ojeda • Bahena Real Estate Group
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202412102
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.