315 S Washington StIndependenceCA93526
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Independence at 315 S Washington St, Independence, CA, 93526 priced at $409,000 converts $3,480/mo rent into $950/mo cash flow after a $2,002/mo obligation. Total monthly income equals $3,480/mo, and annual cash flow totals $11,396/yr on $135,584 invested. Return on cash invested prints 28.31% in year one, and rental yield reads 10.21% against a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation compiles into $112,999 by year five. Five-year ROI reaches 147.91% and total cumulative return in cash sums $200,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,480/mo property income covering a $2,002/mo payment, not borrower’s personal income.
Single Family
Built in 1972
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93526, Independence, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 501 (100%) |
| Owner Occupied HU | 244 (48.7%) |
| Renter Occupied HU | 90 (18.0%) |
| Vacant Housing Units | 167 (33.3%) |
| Median Home Value | $314,815 |
| Average Home Value | $406,865 |
Housing Distribution
Address Breakdown
Residential
186
Single Family
156
Multi-Family
30
Businesses
76
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Nearby investment properties with comparable prices
Listed by: Elaine Delaney • Blue Sky Real Estate
Mls Name: Inyo County/Bishop MLS
Mls ID: #2312748
Disclaimer: Copyright Inyo County/Bishop MLS. All rights reserved. Information is deemed reliable but not guaranteed.