2898 Ship Rock CourtTulareCA93274
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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 Tulare at 2898 Ship Rock Court, Tulare, CA, 93274 uses $169,731 cash to close to unlock $992/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $3,274/mo, and a $2,525/mo payment keeps the spread at $83/mo. Purchase price stands at $515,900, and rental yield measures 7.62% with $3,274/mo rent. Return on cash invested shows 20.64% in year one, and 5% annual appreciation builds toward $142,534 over five years. Five-year ROI reaches 106.75% and total cumulative return in cash records $181,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,274/mo property income covering a $2,525/mo payment rather than investor’s personal income.
Single Family
Built in 2017
7,841 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: Ryan Davis • Real Brokerage Technologies
Mls Name: TCMLS
Mls ID: #239374