230 W 15th PlaceDelanoCA93215
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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 Delano at 230 W 15th Place, Delano, CA, 93215 offers a 8.44% rental yield on a $369,000 purchase with $2,594/mo rent. Total monthly income registers $2,594/mo, and a $1,806/mo payment leaves $311/mo available for distribution. Annual cash flow reaches $3,736/yr on $122,324 to close, and return on cash invested stands at 22.96% in year one. Equity gained on principal adds $2,381/yr while 5% annual appreciation supports $101,948 over five years. Portfolio math shows five-year ROI at 119.24% and total cumulative return in cash at $145,863. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,594/mo property income against a $1,806/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
6,098 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: Teresa Valle • Five Star Realty
Mls Name: TCMLS
Mls ID: #238058