243 E Balboa AveMojaveCA93501
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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
Rental property for sale in Mojave at 243 E Balboa Ave, Mojave, CA, 93501 generates $2,548/mo in rent and, after a $1,661/mo payment, leaves $449/mo in cash flow. Total monthly income is $2,548/mo, and annual cash flow is $5,382/yr on $112,528 invested. Return on cash invested sits at 24.69% in year one, and rental yield is 9.01% on a $339,450 entry. Equity gained on principal adds $2,190/yr, while 5% annual appreciation builds toward $93,784 over five years. Five-year ROI reaches 128.49% and total cumulative return in cash sums $144,590. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,548/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
2.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93501, Mojave, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,459 (100%) |
| Owner Occupied HU | 1,003 (40.8%) |
| Renter Occupied HU | 1,091 (44.4%) |
| Vacant Housing Units | 365 (14.8%) |
| Median Home Value | $270,270 |
| Average Home Value | $383,186 |
Housing Distribution
Address Breakdown
Residential
2,374
Single Family
2,323
Multi-Family
51
Businesses
226
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Listed by: Ricardo Ortiz • EIB Global Inc.
Mls Name: CRMLS
Mls ID: #SR25176160