1607 E Norberry StLancasterCA93535
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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 1607 E Norberry St, Lancaster, CA, 93535 listed at $395,000 pairs $2,906/mo rent with a $1,933/mo payment to leave $463/mo cash flow. Total monthly income runs $2,906/mo, and annual cash flow reaches $5,553/yr on $130,943 cash to close. Return on cash invested measures 24.15% in year one, and rental yield registers 8.83% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 125.58% and total cumulative return in cash totals $164,442. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,906/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
6,969 sqft 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: Michelle A Royal • Drt Pddlr/DP Comm Bkrg
Mls Name: GAVAR
Mls ID: #26000136