1323 Homassel AvenueLindsayCA93247
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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 Lindsay at 1323 Homassel Avenue, Lindsay, CA, 93247 uses $115,992 cash to close to unlock $3,276/yr annual cash flow and $273/mo monthly cash flow. Total monthly income runs $2,438/mo, and a $1,713/mo payment keeps the spread at $273/mo. Purchase price stands at $349,900, and rental yield measures 8.36% with $2,438/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 118.03% and total cumulative return in cash records $136,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,438/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2017
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93247, Lindsay, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,293 (100%) |
| Owner Occupied HU | 2,857 (54.0%) |
| Renter Occupied HU | 2,179 (41.2%) |
| Vacant Housing Units | 257 ( 4.9%) |
| Median Home Value | $293,443 |
| Average Home Value | $349,646 |
Housing Distribution
Address Breakdown
Residential
5,113
Single Family
4,835
Multi-Family
278
Businesses
374
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Listed by: Todd M Pigott • Zinc Realty, Inc.
Mls Name: TCMLS
Mls ID: #237360