38733 31st St EPalmdaleCA93550
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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 Palmdale at 38733 31st St E, Palmdale, CA, 93550 offers a 8.49% rental yield on a $399,000 purchase with $2,824/mo rent. Total monthly income registers $2,824/mo, and a $1,953/mo payment leaves $356/mo available for distribution. Annual cash flow reaches $4,267/yr on $132,269 to close, and return on cash invested stands at 23.14% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 120.15% and total cumulative return in cash at $158,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,824/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,124 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93550, Palmdale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,509 (100%) |
| Owner Occupied HU | 12,705 (51.8%) |
| Renter Occupied HU | 10,969 (44.8%) |
| Vacant Housing Units | 835 ( 3.4%) |
| Median Home Value | $366,064 |
| Average Home Value | $444,424 |
Housing Distribution
Address Breakdown
Residential
23,372
Single Family
19,165
Multi-Family
4,207
Businesses
1,540
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Listed by: James Brooks • Exp Realty Of Greater Los Angeles, Inc.
Mls Name: eXp Realty
Mls ID: #CRSR24221832