340 E Lemmon WayHanfordCA93230
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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 340 E Lemmon Way, Hanford, CA, 93230 offers $2,473/mo rent that, after a $1,752/mo payment, leaves $259/mo cash flow. Total monthly income is $2,473/mo, and annual cash flow is $3,103/yr on $118,677 cash. Return on cash invested measures 22.52% in year one, and rental yield stands at 8.29% at a $358,000 entry. Equity gained on principal adds $2,310/yr while 5% annual appreciation compounds into $98,909 by year five. Five-year ROI records 116.87% and total cumulative return in cash reaches $138,702. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,473/mo property income versus a $1,752/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
8,276 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: Thomas A Curtiss • Keller Williams Realty Tulare County
Mls Name: TCMLS
Mls Provider:
Mls ID: #232790
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2025-02-12 08:50:39 PST. 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.