13923 Locust StArmonaCA93202
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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 Armona at 13923 Locust St, Armona, CA, 93202 uses $91,163 cash to close to unlock $1,835/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $1,877/mo, and a $1,346/mo payment keeps the spread at $153/mo. Purchase price stands at $275,000, and rental yield measures 8.19% with $1,877/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 113.74% and total cumulative return in cash records $103,691. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,877/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1962
4,552 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93202, Armona, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 743 (59.0%) |
| Renter Occupied HU | 475 (37.7%) |
| Vacant Housing Units | 41 ( 3.3%) |
| Median Home Value | $329,967 |
| Average Home Value | $337,429 |
Housing Distribution
Address Breakdown
Residential
395
Single Family
395
Multi-Family
0
Businesses
68
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Listed by: Julie C. Turner • Keller Williams Rlty Kings Co.
Mls Name: Kings County MLS
Mls Provider:
Mls ID: #231895
Disclaimer: Based on information from the Kings County Board of REALTORS, (alternatively, from the Kings County MLS) as of 2025-04-15 18:26:05 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.