40820 Oak Ridge DriveThree RiversCA93271
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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 Three Rivers at 40820 Oak Ridge Drive, Three Rivers, CA, 93271 generates $3,053/mo in rent, after a $3,132/mo payment. Total monthly income is $3,053/mo. Return on cash invested sits at 14.9% in year one, and rental yield is 5.73% on a $639,900 entry. Equity gained on principal adds $4,129/yr, while 5% annual appreciation builds toward $176,793 over five years. Five-year ROI reaches 75.94% and total cumulative return in cash sums $159,875. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,053/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93271, Three Rivers, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,399 (100%) |
| Owner Occupied HU | 758 (54.2%) |
| Renter Occupied HU | 237 (16.9%) |
| Vacant Housing Units | 404 (28.9%) |
| Median Home Value | $475,676 |
| Average Home Value | $545,851 |
Housing Distribution
Address Breakdown
Residential
899
Single Family
776
Multi-Family
123
Businesses
160
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Nearby investment properties with comparable prices
Listed by: Virginia L Patrick • Sierra Sands Real Estate
Mls Name: TCMLS
Mls Provider:
Mls ID: #232921
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2025-02-12 09:20:38 PST. 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.