340 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 340 S Washington St, Independence, CA, 93526 offers $2,317/mo rent that, after a $1,615/mo payment, leaves $276/mo cash flow. Total monthly income is $2,317/mo, and annual cash flow is $3,309/yr on $109,395 cash. Return on cash invested measures 22.93% in year one, and rental yield stands at 8.43% at a $330,000 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,173 by year five. Five-year ROI records 119.06% and total cumulative return in cash reaches $130,247. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,317/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elaine Delaney • Blue Sky Real Estate
Mls Name: Inyo County/Bishop MLS
Mls ID: #2313081