37 Spruce AveKernvilleCA93238
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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
Investment property for sale in Kernville at 37 Spruce Ave, Kernville, CA, 93238 uses $129,252 cash to close to unlock $3,377/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $2,693/mo, and a $1,908/mo payment keeps the spread at $281/mo. Purchase price stands at $389,900, and rental yield measures 8.29% with $2,693/mo rent. Return on cash invested shows 22.52% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 116.86% and total cumulative return in cash records $151,045. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,693/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1980
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93238, Kernville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 547 (50.7%) |
| Renter Occupied HU | 181 (16.8%) |
| Vacant Housing Units | 351 (32.5%) |
| Median Home Value | $548,759 |
| Average Home Value | $778,135 |
Housing Distribution
Address Breakdown
Residential
153
Single Family
153
Multi-Family
0
Businesses
103
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Listed by: Debra Chealander • EDL Properties
Mls Name: RAOR
Mls ID: #2607160