511 Jobes WayIndependenceCA93526
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 511 Jobes Way, Independence, CA, 93526 in Independence. Priced at $119,900, it generates $3,283/mo in gross rent and $1,941/mo in net monthly cash flow, a 32.86% yield that comfortably supports the 6.09 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $23,298. Five-year appreciation: $33,126. Equity from principal paydown: $1,104/yr. Total projected cumulative return: $173,052.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 32.9% | 5.0% |
| Monthly Cash Flow | $1,941 | $200 |
City averages based on Independence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,283 |
| Total Monthly Debt Service | $1,294 |
| DSCR Ratio | 2.54x |
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.
Manufactured
Built in 1991
N/A lot
$N/A/sqft
$600 month HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93526, Independence, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 501 (100%) |
| Owner Occupied HU | 244 (48.7%) |
| Renter Occupied HU | 90 (18.0%) |
| Vacant Housing Units | 167 (33.3%) |
| Median Home Value | $314,815 |
| Average Home Value | $406,865 |
Housing Distribution
Address Breakdown
Residential
186
Single Family
156
Multi-Family
30
Businesses
76
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
Manufactured
Built in 1991
N/A lot
$N/A/sqft
$600 month HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93526, Independence, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 501 (100%) |
| Owner Occupied HU | 244 (48.7%) |
| Renter Occupied HU | 90 (18.0%) |
| Vacant Housing Units | 167 (33.3%) |
| Median Home Value | $314,815 |
| Average Home Value | $406,865 |
Housing Distribution
Address Breakdown
Residential
186
Single Family
156
Multi-Family
30
Businesses
76
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices