273 E Gannon DriveTulareCA93274
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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 Tulare at 273 E Gannon Drive, Tulare, CA, 93274 priced at $449,900 converts $2,854/mo rent into $71/mo cash flow after a $2,202/mo obligation. Total monthly income equals $2,854/mo, and annual cash flow totals $851/yr on $149,142 invested. Return on cash invested prints 20.48% in year one, and rental yield reads 7.61% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 105.88% and total cumulative return in cash sums $157,918. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,854/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1971
8,973 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93274, Tulare, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 14,897 (57.6%) |
| Renter Occupied HU | 9,895 (38.2%) |
| Vacant Housing Units | 1,081 ( 4.2%) |
| Median Home Value | $359,520 |
| Average Home Value | $395,082 |
Housing Distribution
Address Breakdown
Residential
24,756
Single Family
24,049
Multi-Family
707
Businesses
1,433
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Listed by: Christopher Ferreira • Real Brokerage Technologies
Mls Name: TCMLS
Mls ID: #238680