365 E Magnolia 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 365 E Magnolia Avenue, Hanford, CA, 93230 generates $3,854/mo in rent and, after a $1,713/mo payment, leaves $1,689/mo in cash flow. Total monthly income is $3,854/mo, and annual cash flow is $20,267/yr on $116,025 invested. Return on cash invested sits at 37.38% in year one, and rental yield is 13.21% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 196.51% and total cumulative return in cash sums $228,002. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,854/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
10,100 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: Franklin J Romine • The Equity Group
Mls Name: TCMLS
Mls Provider:
Mls ID: #230953
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.