702 Union StDelanoCA93215
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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
Investment Highlights
Investment property for sale in Delano at 702 Union St, Delano, CA, 93215 offers a 11.59% rental yield on a $384,500 purchase with $3,713/mo rent. Total monthly income registers $3,713/mo, and a $1,882/mo payment leaves $1,334/mo available for distribution. Annual cash flow reaches $16,012/yr on $127,462 to close, and return on cash invested stands at 32.47% in year one. Equity gained on principal adds $2,481/yr while 5% annual appreciation supports $106,230 over five years. Portfolio math shows five-year ROI at 170.22% and total cumulative return in cash at $216,969. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,713/mo property income against a $1,882/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93215, Delano, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,364 (100%) |
| Owner Occupied HU | 7,205 (53.9%) |
| Renter Occupied HU | 5,603 (41.9%) |
| Vacant Housing Units | 556 ( 4.2%) |
| Median Home Value | $325,504 |
| Average Home Value | $397,259 |
Housing Distribution
Address Breakdown
Residential
12,161
Single Family
11,544
Multi-Family
617
Businesses
901
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Nearby investment properties with comparable prices
Listed by: Samuel A. Munoz • Better Homes Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407531
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.