1866 E Lingo AveReedleyCA93654
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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 Reedley at 1866 E Lingo Ave, Reedley, CA, 93654 priced at $382,990 converts $2,040/mo rent into after a $1,875/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 16.79% in year one, and rental yield reads 6.39% against a $382,990 entry. Equity gained on principal adds $2,471/yr, while 5% annual appreciation compiles into $105,813 by year five. Five-year ROI reaches 86.15% and total cumulative return in cash sums $109,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,875/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93654, Reedley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,520 (100%) |
| Owner Occupied HU | 5,536 (58.2%) |
| Renter Occupied HU | 3,578 (37.6%) |
| Vacant Housing Units | 406 ( 4.3%) |
| Median Home Value | $382,117 |
| Average Home Value | $420,477 |
Housing Distribution
Address Breakdown
Residential
9,204
Single Family
8,321
Multi-Family
883
Businesses
853
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Listed by: N/A • Century Communities
Mls Name: Century Communities
Mls Provider:
Mls ID: #N/A