1301 E Avenue I SPACE 246LancasterCA93535
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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 Lancaster at 1301 E Avenue I SPACE 246, Lancaster, CA, 93535 uses $43,095 cash to close to unlock $2,065/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $976/mo, and a $636/mo payment keeps the spread at $172/mo. Purchase price stands at $130,000, and rental yield measures 9.01% with $976/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 128.65% and total cumulative return in cash records $55,443. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $976/mo property income covering a $636/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
1,500 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93535, Lancaster, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,348 (100%) |
| Owner Occupied HU | 15,198 (62.4%) |
| Renter Occupied HU | 8,314 (34.1%) |
| Vacant Housing Units | 836 ( 3.4%) |
| Median Home Value | $334,900 |
| Average Home Value | $465,242 |
Housing Distribution
Address Breakdown
Residential
23,534
Single Family
22,252
Multi-Family
1,282
Businesses
747
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Listed by: Danny Bardales • Legacy Realty Group, Inc.
Mls Name: GAVAR
Mls ID: #26000423