23647 Ave 94Terra BellaCA93270
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 23647 Ave 94, Terra Bella, CA, 93270 in Terra Bella deserves attention. This $409,999 property earns $2,273/mo in rent, a 10.49% gross yield, and nets $656/mo after the $1,844/mo payment. DSCR 1.23 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $113,275 compounds alongside $3,776/yr in yearly equity build, for a total cumulative return of $138,521.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.0% |
| Monthly Cash Flow | $656 | $400 |
City averages based on Terra Bella market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,273 |
| Total Monthly Debt Service | $2,373 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1958
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93270, Terra Bella, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,650 (100%) |
| Owner Occupied HU | 868 (52.6%) |
| Renter Occupied HU | 653 (39.6%) |
| Vacant Housing Units | 129 ( 7.8%) |
| Median Home Value | $337,572 |
| Average Home Value | $401,357 |
Housing Distribution
Address Breakdown
Residential
886
Single Family
886
Multi-Family
0
Businesses
103
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
Single Family
Built in 1958
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93270, Terra Bella, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,650 (100%) |
| Owner Occupied HU | 868 (52.6%) |
| Renter Occupied HU | 653 (39.6%) |
| Vacant Housing Units | 129 ( 7.8%) |
| Median Home Value | $337,572 |
| Average Home Value | $401,357 |
Housing Distribution
Address Breakdown
Residential
886
Single Family
886
Multi-Family
0
Businesses
103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eduardo Torres Ochoa • Legacy Real Estate Inc
Mls Name: TCMLS
Mls ID: #236128