2216 Chism AveTulareCA93274
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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 Tulare at 2216 Chism Ave, Tulare, CA, 93274 uses $131,937 cash to close to unlock $5,003/yr annual cash flow and $417/mo monthly cash flow. Total monthly income runs $2,879/mo, and a $1,948/mo payment keeps the spread at $417/mo. Purchase price stands at $398,000, and rental yield measures 8.68% with $2,879/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $109,960 over five years. Five-year ROI reaches 123.17% and total cumulative return in cash records $162,504. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,879/mo property income covering a $1,948/mo payment rather than investor’s personal income.
Single Family
Built in 2020
6,843 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93274, Tulare, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 14,897 (57.6%) |
| Renter Occupied HU | 9,895 (38.2%) |
| Vacant Housing Units | 1,081 ( 4.2%) |
| Median Home Value | $359,520 |
| Average Home Value | $395,082 |
Housing Distribution
Address Breakdown
Residential
24,756
Single Family
24,049
Multi-Family
707
Businesses
1,433
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Listed by: Adrian Murga Flores • Realty ONE Group Inspire
Mls Name: Kings County MLS
Mls ID: #232832