2833 W Avenue K12 APT 232LancasterCA93536
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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 Lancaster at 2833 W Avenue K12 APT 232, Lancaster, CA, 93536 offers a 10.05% rental yield on a $300,000 purchase with $2,513/mo rent. Total monthly income registers $2,513/mo, and a $1,468/mo payment leaves $658/mo available for distribution. Annual cash flow reaches $7,890/yr on $99,450 to close, and return on cash invested stands at 27.84% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 145.4% and total cumulative return in cash at $144,600. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,513/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
6.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93536, Lancaster, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,142 (100%) |
| Owner Occupied HU | 17,245 (68.6%) |
| Renter Occupied HU | 6,960 (27.7%) |
| Vacant Housing Units | 937 ( 3.7%) |
| Median Home Value | $523,584 |
| Average Home Value | $637,609 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
23,654
Multi-Family
582
Businesses
567
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Listed by: Lola Joyner • Redfin Corporation
Mls Name: GAVAR
Mls ID: #25006432