32608 Irish LaneSpringvilleCA93265
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 Springville at 32608 Irish Lane, Springville, CA, 93265 priced at $315,900 converts $3,655/mo rent into $1,396/mo cash flow after a $1,546/mo obligation. Total monthly income equals $3,655/mo, and annual cash flow totals $16,752/yr on $104,721 invested. Return on cash invested prints 35.91% in year one, and rental yield reads 13.88% against a $315,900 entry. Equity gained on principal adds $2,038/yr, while 5% annual appreciation compiles into $87,277 by year five. Five-year ROI reaches 189.86% and total cumulative return in cash sums $198,828. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,655/mo property income covering a $1,546/mo payment, not borrower’s personal income.
Single Family
Built in 2003
4,792 sqft lot
$N/A/sqft
$305 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93265, Springville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,772 (100%) |
| Owner Occupied HU | 1,431 (51.6%) |
| Renter Occupied HU | 437 (15.8%) |
| Vacant Housing Units | 904 (32.6%) |
| Median Home Value | $395,276 |
| Average Home Value | $462,766 |
Housing Distribution
Address Breakdown
Residential
1,513
Single Family
1,471
Multi-Family
42
Businesses
93
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Listed by: Patty Decker • RE/MAX Success
Mls Name: TCMLS
Mls Provider:
Mls ID: #230981
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-08-29 02:05:43 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.