710 Austin StDelanoCA93215
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
Investment Highlights
Investment property for sale in Delano at 710 Austin St, Delano, CA, 93215 uses $59,637 cash to close to unlock $23,000/yr annual cash flow and $1,917/mo monthly cash flow. Total monthly income runs $3,030/mo, and a $881/mo payment keeps the spread at $1,917/mo. Purchase price stands at $179,900, and rental yield measures 20.21% with $3,030/mo rent. Return on cash invested shows 58.48% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 309.67% and total cumulative return in cash records $184,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,030/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,098 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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Listed by: Karla V. Salazar • Capitol Real Estate Group, Inc
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202405012
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.