791 Redwood AveWascoCA93280
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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 Wasco at 791 Redwood Ave, Wasco, CA, 93280 uses $169,435 cash to close to unlock $9,633/yr annual cash flow and $803/mo monthly cash flow. Total monthly income runs $3,989/mo, and a $2,521/mo payment keeps the spread at $803/mo. Purchase price stands at $515,000, and rental yield measures 9.29% with $3,989/mo rent. Return on cash invested shows 25.75% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 134.11% and total cumulative return in cash records $227,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,989/mo property income covering a $2,521/mo payment rather than investor’s personal income.
Single Family
Built in 1988
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93280, Wasco, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,875 (100%) |
| Owner Occupied HU | 3,677 (53.5%) |
| Renter Occupied HU | 2,911 (42.3%) |
| Vacant Housing Units | 287 ( 4.2%) |
| Median Home Value | $289,968 |
| Average Home Value | $339,895 |
Housing Distribution
Address Breakdown
Residential
6,627
Single Family
6,276
Multi-Family
351
Businesses
421
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Listed by: Paula Z. Rogers • Modern Broker, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408017
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.