1936 S Red Rock DrHanfordCA93230
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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 1936 S Red Rock Dr, Hanford, CA, 93230 priced at $589,900 converts $3,120/mo rent into after a $2,887/mo obligation. Total monthly income equals $3,120/mo. Return on cash invested prints 15.63% in year one, and rental yield reads 6.35% against a $589,900 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $162,978 by year five. Five-year ROI reaches 80.31% and total cumulative return in cash sums $155,865. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,120/mo property income covering a $2,887/mo payment, not borrower’s personal income.
Single Family
Built in 2022
7,021 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: Miguel Vega • Century 21 Jordan-Link & Co.
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #619117
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.