2216 Palomar CtDelanoCA93215
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Delano at 2216 Palomar Ct, Delano, CA, 93215 generates $2,235/mo in rent, after a $1,909/mo payment. Total monthly income is $2,235/mo. Return on cash invested sits at 18.26% in year one, and rental yield is 6.88% on a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 94.01% and total cumulative return in cash sums $121,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,235/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93215, Delano, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,364 (100%) |
| Owner Occupied HU | 7,205 (53.9%) |
| Renter Occupied HU | 5,603 (41.9%) |
| Vacant Housing Units | 556 ( 4.2%) |
| Median Home Value | $325,504 |
| Average Home Value | $397,259 |
Housing Distribution
Address Breakdown
Residential
12,161
Single Family
11,544
Multi-Family
617
Businesses
901
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Listed by: Anthony Razo • Open Door Real Estate
Mls Name: CRMLS
Mls ID: #NS25186123