42622 3rd St ELancasterCA93535
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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 Lancaster at 42622 3rd St E, Lancaster, CA, 93535 generates $2,626/mo in rent, after a $4,283/mo payment. Total monthly income is $2,626/mo. Return on cash invested sits at 8.44% in year one, and rental yield is 3.6% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 41.3% and total cumulative return in cash sums $118,907. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,626/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93535, Lancaster, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,348 (100%) |
| Owner Occupied HU | 15,198 (62.4%) |
| Renter Occupied HU | 8,314 (34.1%) |
| Vacant Housing Units | 836 ( 3.4%) |
| Median Home Value | $334,900 |
| Average Home Value | $465,242 |
Housing Distribution
Address Breakdown
Residential
23,534
Single Family
22,252
Multi-Family
1,282
Businesses
747
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Listed by: Fabian L Terracciano • RE/MAX All-Pro
Mls Name: GAVAR
Mls ID: #25008671