53804 Highway 245MiramonteCA93641
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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
Investment property for sale in Miramonte at 53804 Highway 245, Miramonte, CA, 93641 uses $77,903 cash to close to unlock $3,569/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $1,751/mo, and a $1,150/mo payment keeps the spread at $297/mo. Purchase price stands at $235,000, and rental yield measures 8.94% with $1,751/mo rent. Return on cash invested shows 24.49% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 127.43% and total cumulative return in cash records $99,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,751/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93641, Miramonte, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 149 (40.2%) |
| Renter Occupied HU | 68 (18.3%) |
| Vacant Housing Units | 154 (41.5%) |
| Median Home Value | $454,688 |
| Average Home Value | $519,866 |
Housing Distribution
Address Breakdown
Residential
126
Single Family
126
Multi-Family
0
Businesses
10
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Listed by: Ornella Lis Mazza Rosales • Sierra Real Estate
Mls Name: TCMLS
Mls Provider:
Mls ID: #229815
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2025-02-12 14:50:30 PST. 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.