371 University DrLemooreCA93245
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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 Lemoore at 371 University Dr, Lemoore, CA, 93245 generates $2,850/mo in rent and, after a $2,109/mo payment, leaves $184/mo in cash flow. Total monthly income is $2,850/mo, and annual cash flow is $2,213/yr on $142,843 invested. Return on cash invested sits at 21.46% in year one, and rental yield is 7.94% on a $430,900 entry. Equity gained on principal adds $2,781/yr, while 5% annual appreciation builds toward $119,050 over five years. Five-year ROI reaches 111.16% and total cumulative return in cash sums $158,781. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,850/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93245, Lemoore, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,457 (100%) |
| Owner Occupied HU | 6,236 (46.3%) |
| Renter Occupied HU | 6,351 (47.2%) |
| Vacant Housing Units | 870 ( 6.5%) |
| Median Home Value | $354,338 |
| Average Home Value | $398,054 |
Housing Distribution
Address Breakdown
Residential
12,775
Single Family
11,654
Multi-Family
1,121
Businesses
614
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Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A