816 Illinois Ave #12, Los Banos, CA, 93635 | $673/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Los Banos at 816 Illinois Ave #12, Los Banos, CA, 93635 offers $2,081/mo rent that, after a $954/mo payment, leaves $673/mo cash flow. Total monthly income is $2,081/mo, and annual cash flow is $8,077/yr on $64,643 cash. Return on cash invested measures 32.4% in year one, and rental yield stands at 12.81% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 171.27% and total cumulative return in cash reaches $110,710. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,081/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

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