1890 W Rio Hondo WayHanfordCA93230
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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 Hanford at 1890 W Rio Hondo Way, Hanford, CA, 93230 offers $3,259/mo rent that, after a $2,249/mo payment, leaves $416/mo cash flow. Total monthly income is $3,259/mo, and annual cash flow is $4,998/yr on $152,324 cash. Return on cash invested measures 23.19% in year one, and rental yield stands at 8.51% at a $459,498 entry. Equity gained on principal adds $2,965/yr while 5% annual appreciation compounds into $126,951 by year five. Five-year ROI records 120.44% and total cumulative return in cash reaches $183,456. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,259/mo property income versus a $2,249/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
8,463 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93230, Hanford, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,861 (100%) |
| Owner Occupied HU | 14,249 (57.3%) |
| Renter Occupied HU | 9,414 (37.9%) |
| Vacant Housing Units | 1,198 ( 4.8%) |
| Median Home Value | $364,604 |
| Average Home Value | $391,214 |
Housing Distribution
Address Breakdown
Residential
24,064
Single Family
22,169
Multi-Family
1,895
Businesses
1,521
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Listed by: Amparo Vryhof • London Properties
Mls Name: Fresno MLS
Mls ID: #620938