402 S Michelle AveKermanCA93630
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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 Kerman at 402 S Michelle Ave, Kerman, CA, 93630 with 5% annual appreciation on a $555,000 basis while $4,722/mo rent supports operations. Total monthly income totals $4,722/mo and a $2,716/mo payment preserves $1,002/mo for cash returns. Annual cash flow comes to $12,023/yr on $182,595 deployed, and return on cash invested reaches 26.64% in year one. Equity gained on principal adds $3,581/yr, and five-year appreciation sums $153,336 alongside rental yield of 10.21%. Five-year ROI measures 139.6% and total cumulative return in cash totals $254,900.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,722/mo property income versus a $2,716/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93630, Kerman, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,378 (100%) |
| Owner Occupied HU | 3,568 (55.9%) |
| Renter Occupied HU | 2,583 (40.5%) |
| Vacant Housing Units | 227 ( 3.6%) |
| Median Home Value | $394,944 |
| Average Home Value | $412,571 |
Housing Distribution
Address Breakdown
Residential
6,158
Single Family
5,727
Multi-Family
431
Businesses
451
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