2817 Steensen StLake IsabellaCA93240
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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 Lake Isabella at 2817 Steensen St, Lake Isabella, CA, 93240 offers $2,569/mo rent that, after a $649/mo payment, leaves $1,749/mo cash flow. Total monthly income is $2,569/mo, and annual cash flow is $20,986/yr on $43,924 cash. Return on cash invested measures 67.69% in year one, and rental yield stands at 23.27% at a $132,500 entry. Equity gained on principal adds $855/yr while 5% annual appreciation compounds into $36,607 by year five. Five-year ROI records 359.06% and total cumulative return in cash reaches $157,712. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,569/mo property income versus a $649/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93240, Lake Isabella, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,491 (100%) |
| Owner Occupied HU | 1,747 (50.0%) |
| Renter Occupied HU | 938 (26.9%) |
| Vacant Housing Units | 806 (23.1%) |
| Median Home Value | $288,333 |
| Average Home Value | $344,131 |
Housing Distribution
Address Breakdown
Residential
2,293
Single Family
2,171
Multi-Family
122
Businesses
237
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Listed by: Matthew James Freeman • Freeman's Lakeside Realty
Mls Name: RAOR
Mls Provider:
Mls ID: #2605929
Disclaimer: Copyright Ridgecrest Area Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.