966 Cedarwood StHanfordCA93230
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
Investment Highlights
Rental property for sale in Hanford at 966 Cedarwood St, Hanford, CA, 93230 priced at $354,900 converts $3,844/mo rent into $1,649/mo cash flow after a $1,737/mo obligation. Total monthly income equals $3,844/mo, and annual cash flow totals $19,783/yr on $117,649 invested. Return on cash invested prints 36.72% in year one, and rental yield reads 13% against a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation compiles into $98,052 by year five. Five-year ROI reaches 193.02% and total cumulative return in cash sums $227,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,844/mo property income covering a $1,737/mo payment, not borrower’s personal income.
Single Family
Built in 1994
6,599 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Delbert G. Santos • Vylla Home, Inc.
Mls Name: Kings County MLS
Mls Provider:
Mls ID: #230457
Disclaimer: Based on information from the Kings County Board of REALTORS, (alternatively, from the Kings County MLS) as of 2024-02-06 14:09:25 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.