3111 Sage AvenueHanfordCA93230
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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 Hanford at 3111 Sage Avenue, Hanford, CA, 93230 priced at $399,000 converts $3,947/mo rent into $1,479/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,947/mo, and annual cash flow totals $17,743/yr on $132,269 invested. Return on cash invested prints 33.32% in year one, and rental yield reads 11.87% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 174.77% and total cumulative return in cash sums $231,170. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,947/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1998
6,021 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93230, Hanford, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,861 (100%) |
| Owner Occupied HU | 14,249 (57.3%) |
| Renter Occupied HU | 9,414 (37.9%) |
| Vacant Housing Units | 1,198 ( 4.8%) |
| Median Home Value | $364,604 |
| Average Home Value | $391,214 |
Housing Distribution
Address Breakdown
Residential
24,064
Single Family
22,169
Multi-Family
1,895
Businesses
1,521
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Listed by: Carson C Cusano • NextHome Premier Properties
Mls Name: TCMLS
Mls Provider:
Mls ID: #230931
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-08-27 00:35:42 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.