465 6th AvenueKingsburgCA93631
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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 Kingsburg at 465 6th Avenue, Kingsburg, CA, 93631 generates $2,008/mo in rent and, after a $582/mo payment, leaves $1,272/mo in cash flow. Total monthly income is $2,008/mo, and annual cash flow is $15,267/yr on $39,449 invested. Return on cash invested sits at 58.61% in year one, and rental yield is 20.25% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 310.44% and total cumulative return in cash sums $122,465. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,008/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
2.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93631, Kingsburg, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,275 (100%) |
| Owner Occupied HU | 3,900 (62.2%) |
| Renter Occupied HU | 2,125 (33.9%) |
| Vacant Housing Units | 250 ( 4.0%) |
| Median Home Value | $449,592 |
| Average Home Value | $501,000 |
Housing Distribution
Address Breakdown
Residential
6,201
Single Family
5,926
Multi-Family
275
Businesses
531
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Listed by: Rosa Jimenez • Melson Realty, Inc.
Mls Name: TCMLS
Mls Provider:
Mls ID: #229018
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-10-15 08:47:40 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.