3023 San Miguel DrLancasterCA93535
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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 Lancaster at 3023 San Miguel Dr, Lancaster, CA, 93535 priced at $489,000 converts $4,117/mo rent into $1,092/mo cash flow after a $2,393/mo obligation. Total monthly income equals $4,117/mo, and annual cash flow totals $13,108/yr on $162,104 invested. Return on cash invested prints 28% in year one, and rental yield reads 10.1% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 146.21% and total cumulative return in cash sums $237,010. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,117/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 2006
7,328 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93535, Lancaster, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,348 (100%) |
| Owner Occupied HU | 15,198 (62.4%) |
| Renter Occupied HU | 8,314 (34.1%) |
| Vacant Housing Units | 836 ( 3.4%) |
| Median Home Value | $334,900 |
| Average Home Value | $465,242 |
Housing Distribution
Address Breakdown
Residential
23,534
Single Family
22,252
Multi-Family
1,282
Businesses
747
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