98 Lori WayBanningCA92220
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 Banning at 98 Lori Way, Banning, CA, 92220 priced at $280,000 converts $2,039/mo rent into $307/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,039/mo, and annual cash flow totals $3,688/yr on $92,820 invested. Return on cash invested prints 23.88% in year one, and rental yield reads 8.74% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 124.17% and total cumulative return in cash sums $115,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,039/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1980
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92220, Banning, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,184 (100%) |
| Owner Occupied HU | 9,545 (67.3%) |
| Renter Occupied HU | 3,802 (26.8%) |
| Vacant Housing Units | 837 ( 5.9%) |
| Median Home Value | $444,674 |
| Average Home Value | $504,781 |
Housing Distribution
Address Breakdown
Residential
12,885
Single Family
12,559
Multi-Family
326
Businesses
695
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharmayne Husbands • Mayne Choice Realty, Inc.
Mls Name: CRMLS
Mls ID: #IG25139081