947 W Kern AvenueTulareCA93274
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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 Tulare at 947 W Kern Avenue, Tulare, CA, 93274 uses $94,478 cash to close to unlock $2,410/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $1,964/mo, and a $1,395/mo payment keeps the spread at $201/mo. Purchase price stands at $285,000, and rental yield measures 8.27% with $1,964/mo rent. Return on cash invested shows 22.46% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 116.53% and total cumulative return in cash records $110,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,964/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1949
7,664 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93274, Tulare, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 14,897 (57.6%) |
| Renter Occupied HU | 9,895 (38.2%) |
| Vacant Housing Units | 1,081 ( 4.2%) |
| Median Home Value | $359,520 |
| Average Home Value | $395,082 |
Housing Distribution
Address Breakdown
Residential
24,756
Single Family
24,049
Multi-Family
707
Businesses
1,433
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Listed by: Charlie Ramos • Crown Realty
Mls Name: TCMLS
Mls ID: #238964