2648 ParklaneCeresCA95307
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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 Ceres at 2648 Parklane, Ceres, CA, 95307 priced at $350,000 converts $2,440/mo rent into after a $1,713/mo obligation. Total monthly income equals $2,440/mo. Return on cash invested prints 19.7% in year one, and rental yield reads 8.37% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 102.82% and total cumulative return in cash sums $119,294. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,440/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Condo
Built in 1992
2,888 sqft lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95307, Ceres, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,374 (100%) |
| Owner Occupied HU | 8,221 (61.5%) |
| Renter Occupied HU | 4,863 (36.4%) |
| Vacant Housing Units | 290 ( 2.2%) |
| Median Home Value | $471,243 |
| Average Home Value | $519,886 |
Housing Distribution
Address Breakdown
Residential
13,247
Single Family
12,602
Multi-Family
645
Businesses
957
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Listed by: Doug Higginbotham • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #225011623
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.