16688 Mustang DriveSpringvilleCA93265
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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 Springville at 16688 Mustang Drive, Springville, CA, 93265 earns $1,454/mo cash flow from $4,423/mo rent with a $2,349/mo payment. Total monthly income totals $4,423/mo, and annual cash flow totals $17,449/yr on $159,103 capital. ROI tracks 30.88% on current figures, and rental yield reads 11.06% at a $479,950 purchase. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,601 over five years. Five-year ROI reaches 161.67% and total cumulative return in cash sums $257,221. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,423/mo property income instead of your personal income.
Single Family
Built in 1991
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93265, Springville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,772 (100%) |
| Owner Occupied HU | 1,431 (51.6%) |
| Renter Occupied HU | 437 (15.8%) |
| Vacant Housing Units | 904 (32.6%) |
| Median Home Value | $395,276 |
| Average Home Value | $462,766 |
Housing Distribution
Address Breakdown
Residential
1,513
Single Family
1,471
Multi-Family
42
Businesses
93
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Nearby investment properties with comparable prices
Listed by: Jamie Gallegos • All State Homes Inc
Mls Name: TCMLS
Mls Provider:
Mls ID: #230975
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-08-29 02:05:43 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.