2462 Lewiston AvenueLatonCA93242
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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 Laton at 2462 Lewiston Avenue, Laton, CA, 93242 generates $1,980/mo in rent, after a $4,503/mo payment. Total monthly income is $1,980/mo. Return on cash invested sits at 5.35% in year one, and rental yield is 2.58% on a $920,000 entry. Equity gained on principal adds $5,937/yr, while 5% annual appreciation builds toward $254,179 over five years. Five-year ROI reaches 24.71% and total cumulative return in cash sums $74,787. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93242, Laton, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,001 (100%) |
| Owner Occupied HU | 511 (51.0%) |
| Renter Occupied HU | 434 (43.4%) |
| Vacant Housing Units | 56 ( 5.6%) |
| Median Home Value | $406,757 |
| Average Home Value | $501,311 |
Housing Distribution
Address Breakdown
Residential
634
Single Family
634
Multi-Family
0
Businesses
52
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Listed by: Leeandra L Dupree • eXp Realty of California, Inc.
Mls Name: TCMLS
Mls ID: #237306