2313 Thomas WayDelanoCA93215
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
Investment property for sale in Delano at 2313 Thomas Way, Delano, CA, 93215 listed at $238,000 pairs $2,428/mo rent with a $1,165/mo payment to leave $956/mo cash flow. Total monthly income runs $2,428/mo, and annual cash flow reaches $11,467/yr on $78,897 cash to close. Return on cash invested measures 34.44% in year one, and rental yield registers 12.24% at a $238,000 basis. Equity gained on principal adds $1,536/yr, and annual property appreciation at 5% supports $65,755 by year five. Five-year ROI tracks 180.8% and total cumulative return in cash totals $142,642. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,428/mo property income relative to a $1,165/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
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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Nearby investment properties with comparable prices
Listed by: John H. Lara • San Joaquin Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408057
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.