1407 E Las Palmas AvePattersonCA95363
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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 Patterson at 1407 E Las Palmas Ave, Patterson, CA, 95363 generates $3,074/mo in rent, after a $5,379/mo payment. Total monthly income is $3,074/mo. Return on cash invested sits at 7.82% in year one, and rental yield is 3.36% on a $1,098,888 entry. Equity gained on principal adds $7,091/yr, while 5% annual appreciation builds toward $303,602 over five years. Five-year ROI reaches 37.9% and total cumulative return in cash sums $134,934. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,074/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
9.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95363, Patterson, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,283 (100%) |
| Owner Occupied HU | 6,117 (65.9%) |
| Renter Occupied HU | 2,745 (29.6%) |
| Vacant Housing Units | 421 ( 4.5%) |
| Median Home Value | $497,359 |
| Average Home Value | $544,890 |
Housing Distribution
Address Breakdown
Residential
8,733
Single Family
8,629
Multi-Family
104
Businesses
541
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Listed by: Kamal Singh Singh • HomeSmart PV and Associates
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #225051098
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