619 C StreetLemooreCA93245
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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 Lemoore at 619 C Street, Lemoore, CA, 93245 priced at $324,900 converts $2,692/mo rent into $682/mo cash flow after a $1,590/mo obligation. Total monthly income equals $2,692/mo, and annual cash flow totals $8,188/yr on $107,704 invested. Return on cash invested prints 27.51% in year one, and rental yield reads 9.94% against a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,764 by year five. Five-year ROI reaches 143.63% and total cumulative return in cash sums $154,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,692/mo property income covering a $1,590/mo payment, not borrower’s personal income.
Single Family
Built in 1910
8,153 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93245, Lemoore, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,457 (100%) |
| Owner Occupied HU | 6,236 (46.3%) |
| Renter Occupied HU | 6,351 (47.2%) |
| Vacant Housing Units | 870 ( 6.5%) |
| Median Home Value | $354,338 |
| Average Home Value | $398,054 |
Housing Distribution
Address Breakdown
Residential
12,775
Single Family
11,654
Multi-Family
1,121
Businesses
614
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Listed by: Robyn E Icenhower • Independent Broker Network
Mls Name: TCMLS
Mls ID: #237467