23364 Arnold AveFellowsCA93224
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 Fellows at 23364 Arnold Ave, Fellows, CA, 93224 priced at $375,000 converts $2,863/mo rent into $544/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,863/mo, and annual cash flow totals $6,523/yr on $124,313 invested. Return on cash invested prints 25.16% in year one, and rental yield reads 9.16% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 130.98% and total cumulative return in cash sums $162,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,863/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1937
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93224, Fellows, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 179 (100%) |
| Owner Occupied HU | 97 (54.2%) |
| Renter Occupied HU | 59 (33.0%) |
| Vacant Housing Units | 23 (12.8%) |
| Median Home Value | $184,722 |
| Average Home Value | $203,840 |
Housing Distribution
Address Breakdown
Residential
102
Single Family
102
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Byron Young • West Valley Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202403710
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.