30030 Horseshoe DrCoarsegoldCA93614
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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 Coarsegold at 30030 Horseshoe Dr, Coarsegold, CA, 93614 priced at $589,900 converts $3,630/mo rent into after a $2,887/mo obligation. Total monthly income equals $3,630/mo. Return on cash invested prints 19.94% in year one, and rental yield reads 7.38% against a $589,900 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $162,978 by year five. Five-year ROI reaches 103.02% and total cumulative return in cash sums $199,929. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,630/mo property income covering a $2,887/mo payment, not borrower’s personal income.
Single Family
Built in 1989
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93614, Coarsegold, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,955 (100%) |
| Owner Occupied HU | 3,760 (75.9%) |
| Renter Occupied HU | 691 (13.9%) |
| Vacant Housing Units | 504 (10.2%) |
| Median Home Value | $445,289 |
| Average Home Value | $505,009 |
Housing Distribution
Address Breakdown
Residential
4,561
Single Family
4,561
Multi-Family
0
Businesses
174
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Listed by: Robin T. Sparks • Better Homes & Garden Real Est
Mls Name: Fresno MLS
Mls ID: #641949