232 E Marengo AveShafterCA93263
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 Shafter at 232 E Marengo Ave, Shafter, CA, 93263 listed at $240,000 pairs $1,704/mo rent with a $1,175/mo payment to leave $219/mo cash flow. Total monthly income runs $1,704/mo, and annual cash flow reaches $2,628/yr on $79,560 cash to close. Return on cash invested measures 23.21% in year one, and rental yield registers 8.52% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 120.53% and total cumulative return in cash totals $95,894. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,704/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93263, Shafter, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 3,095 (54.5%) |
| Renter Occupied HU | 2,365 (41.6%) |
| Vacant Housing Units | 219 ( 3.9%) |
| Median Home Value | $320,225 |
| Average Home Value | $375,441 |
Housing Distribution
Address Breakdown
Residential
6,845
Single Family
6,665
Multi-Family
180
Businesses
459
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Nearby investment properties with comparable prices
Listed by: Micah E. McAllister • Keller Williams Tehachapi
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202503472
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.