505 S Del Norte AveKermanCA93630
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 505 S Del Norte Ave, Kerman, CA, 93630 in Kerman achieves a 1.65 ratio at $310,000: $2,296/mo rent versus $1,394/mo debt service. Rental yield 8.89%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.89% yield compounds alongside 5% annual appreciation projecting $85,647 in value. Total projected cumulative return: $141,912.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 7.0% |
| Monthly Cash Flow | $(54) | $500 |
City averages based on Kerman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,296 |
| Total Monthly Debt Service | $1,794 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1985
1,498 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1985
1,498 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Fresno MLS
Mls ID: #646265