816 Illinois Ave #12Los BanosCA93635
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 816 Illinois Ave #12, Los Banos, CA, 93635 in Los Banos speaks for itself: 12.8% gross on a $195,000 price, generating $2,081/mo in rent and $672/mo in net income after the $877/mo debt service. DSCR 2.37, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,070 stacks alongside $53,875 in projected five-year appreciation and $1,796/yr in principal reduction. Projected total cumulative return: $118,141.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 5.5% |
| Monthly Cash Flow | $672 | $150 |
City averages based on Los Banos market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,081 |
| Total Monthly Debt Service | $1,331 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
675.18 sqft lot
$N/A/sqft
$202 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93635, Los Banos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,527 (100%) |
| Owner Occupied HU | 9,325 (60.1%) |
| Renter Occupied HU | 5,581 (35.9%) |
| Vacant Housing Units | 621 ( 4.0%) |
| Median Home Value | $433,586 |
| Average Home Value | $484,654 |
Housing Distribution
Address Breakdown
Residential
15,020
Single Family
14,691
Multi-Family
329
Businesses
1,012
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
Condo
Built in 1981
675.18 sqft lot
$N/A/sqft
$202 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93635, Los Banos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,527 (100%) |
| Owner Occupied HU | 9,325 (60.1%) |
| Renter Occupied HU | 5,581 (35.9%) |
| Vacant Housing Units | 621 ( 4.0%) |
| Median Home Value | $433,586 |
| Average Home Value | $484,654 |
Housing Distribution
Address Breakdown
Residential
15,020
Single Family
14,691
Multi-Family
329
Businesses
1,012
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices