2 Grove Park WayKernvilleCA93238
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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 Kernville at 2 Grove Park Way, Kernville, CA, 93238 with 5% annual appreciation on a $350,000 basis while $2,694/mo rent supports operations. Total monthly income totals $2,694/mo and a $1,713/mo payment preserves $529/mo for cash returns. Annual cash flow comes to $6,347/yr on $116,025 deployed, and return on cash invested reaches 25.38% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 9.24%. Five-year ROI measures 132.16% and total cumulative return in cash totals $153,338.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,694/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93238, Kernville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 547 (50.7%) |
| Renter Occupied HU | 181 (16.8%) |
| Vacant Housing Units | 351 (32.5%) |
| Median Home Value | $548,759 |
| Average Home Value | $778,135 |
Housing Distribution
Address Breakdown
Residential
153
Single Family
153
Multi-Family
0
Businesses
103
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Listed by: Tony Click • Click Realty
Mls Name: Southern Sierra
Mls ID: #2607883