2230 20th AveDelanoCA93215
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 2230 20th Ave, Delano, CA, 93215 generates $2,484/mo in rent and, after a $1,689/mo payment, leaves $349/mo in cash flow. Total monthly income is $2,484/mo, and annual cash flow is $4,192/yr on $114,368 invested. Return on cash invested sits at 23.57% in year one, and rental yield is 8.64% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 122.51% and total cumulative return in cash sums $140,116. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,484/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
N/A 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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Nearby investment properties with comparable prices
Listed by: Joe S. Velasquez - Flores • The Mora Partners Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202411517
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.