45181 Rainbow DriveCalifornia Hot SpringsCA93207
Nearby investment properties with comparable rents
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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 California Hot Springs at 45181 Rainbow Drive, California Hot Springs, CA, 93207 priced at $175,000 pairs $2,266/mo rent with $1,183/mo cash flow after a $857/mo payment. Total monthly income equals $2,266/mo, and annual cash flow comes to $14,195/yr on $58,013 invested. Return on cash invested is 44.38% in year one, and rental yield stands at 15.54% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 234.02% and total cumulative return in cash reaches $135,763. For financing, Ziffy Mortgage’s DSCR program evaluates $2,266/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1972
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93207, California Hot Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 398 (100%) |
| Owner Occupied HU | 142 (35.7%) |
| Renter Occupied HU | 44 (11.1%) |
| Vacant Housing Units | 212 (53.3%) |
| Median Home Value | $353,448 |
| Average Home Value | $430,352 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
9
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Listed by: Sandra McDonough • Modern Broker
Mls Name: TCMLS
Mls Provider:
Mls ID: #230102
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-08-14 11:16:34 PDT. 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.