23200 Grimsel DrTehachapiCA93561
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 Tehachapi at 23200 Grimsel Dr, Tehachapi, CA, 93561 priced at $399,900 converts $3,810/mo rent into $1,255/mo cash flow after a $1,957/mo obligation. Total monthly income equals $3,810/mo, and annual cash flow totals $15,058/yr on $132,567 invested. Return on cash invested prints 31.27% in year one, and rental yield reads 11.43% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 164% and total cumulative return in cash sums $217,412. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,810/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Manufactured
Built in 2006
20.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93561, Tehachapi, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,861 (100%) |
| Owner Occupied HU | 9,307 (67.1%) |
| Renter Occupied HU | 3,285 (23.7%) |
| Vacant Housing Units | 1,269 ( 9.2%) |
| Median Home Value | $430,846 |
| Average Home Value | $468,957 |
Housing Distribution
Address Breakdown
Residential
13,833
Single Family
13,241
Multi-Family
592
Businesses
852
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Listed by: Lorri Busse • Access Real Estate
Mls Name: TAAR
Mls ID: #9991381
Disclaimer: Based on information from the Tehachapi Area Association of REALTORS as of 2024-08-15 07:57:46 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.