2833 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
Investment property for sale in Lake Isabella at 2833 Steensen St, Lake Isabella, CA, 93240 offers a 9.26% rental yield on a $175,000 purchase with $1,350/mo rent. Total monthly income registers $1,350/mo, and a $857/mo payment leaves $267/mo available for distribution. Annual cash flow reaches $3,203/yr on $58,013 to close, and return on cash invested stands at 25.43% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 132.44% and total cumulative return in cash at $76,831. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,350/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
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: Jeannie Verdugo • SOUTHERN SIERRA PROPERTIES
Mls Name: RAOR
Mls ID: #2607185