1500 Hanna AveCorcoranCA93212
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 Corcoran at 1500 Hanna Ave, Corcoran, CA, 93212 offers $1,697/mo rent that, after a $1,199/mo payment, leaves $182/mo cash flow. Total monthly income is $1,697/mo, and annual cash flow is $2,178/yr on $81,218 cash. Return on cash invested measures 22.59% in year one, and rental yield stands at 8.31% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 117.23% and total cumulative return in cash reaches $95,208. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,697/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
8,093 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93212, Corcoran, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,618 (100%) |
| Owner Occupied HU | 2,304 (49.9%) |
| Renter Occupied HU | 2,075 (44.9%) |
| Vacant Housing Units | 239 ( 5.2%) |
| Median Home Value | $255,495 |
| Average Home Value | $290,313 |
Housing Distribution
Address Breakdown
Residential
4,416
Single Family
4,111
Multi-Family
305
Businesses
286
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Javier Chavez • Keller Williams Rlty Tulare Co
Mls Name: TCMLS
Mls ID: #238133