687 Tamarack LnLemooreCA93245
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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 Lemoore at 687 Tamarack Ln, Lemoore, CA, 93245 uses $135,584 cash to close to unlock $3,132/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $2,792/mo, and a $2,002/mo payment keeps the spread at $261/mo. Purchase price stands at $409,000, and rental yield measures 8.19% with $2,792/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 115.27% and total cumulative return in cash records $156,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,792/mo property income covering a $2,002/mo payment rather than investor’s personal income.
Single Family
Built in 1976
9,099 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: Jessica F. Spellerberg • Wedgewood Homes Realty
Mls Name: Fresno MLS
Mls ID: #629607