241 E Theodore StBanningCA92220
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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 Banning at 241 E Theodore St, Banning, CA, 92220 uses $140,888 cash to close to unlock $3,660/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $2,934/mo, and a $2,080/mo payment keeps the spread at $305/mo. Purchase price stands at $425,000, and rental yield measures 8.28% with $2,934/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 116.8% and total cumulative return in cash records $164,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,934/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1980
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92220, Banning, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,184 (100%) |
| Owner Occupied HU | 9,545 (67.3%) |
| Renter Occupied HU | 3,802 (26.8%) |
| Vacant Housing Units | 837 ( 5.9%) |
| Median Home Value | $444,674 |
| Average Home Value | $504,781 |
Housing Distribution
Address Breakdown
Residential
12,885
Single Family
12,559
Multi-Family
326
Businesses
695
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Listed by: THOMAS JACKSON • KELLER WILLIAMS REALTY
Mls Name: CRMLS
Mls ID: #IG25020901