8896 13th AveHanfordCA93230
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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 Hanford at 8896 13th Ave, Hanford, CA, 93230 uses $197,400 cash to close to unlock $600/yr annual cash flow and $50/mo monthly cash flow. Total monthly income runs $3,762/mo, and a $2,937/mo payment keeps the spread at $50/mo. Purchase price stands at $599,999, and rental yield measures 7.52% with $3,762/mo rent. Return on cash invested shows 20.36% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 105.24% and total cumulative return in cash records $207,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,762/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 1940
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93230, Hanford, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,861 (100%) |
| Owner Occupied HU | 14,249 (57.3%) |
| Renter Occupied HU | 9,414 (37.9%) |
| Vacant Housing Units | 1,198 ( 4.8%) |
| Median Home Value | $364,604 |
| Average Home Value | $391,214 |
Housing Distribution
Address Breakdown
Residential
24,064
Single Family
22,169
Multi-Family
1,895
Businesses
1,521
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Listed by: Soledad Hernandez • RE/MAX Gold
Mls Name: Fresno MLS
Mls ID: #615876