1060 N Greenfield DrivePortervilleCA93257
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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 Porterville at 1060 N Greenfield Drive, Porterville, CA, 93257 offers a 9.36% rental yield on a $289,000 purchase with $2,254/mo rent. Total monthly income registers $2,254/mo, and a $1,415/mo payment leaves $466/mo available for distribution. Annual cash flow reaches $5,588/yr on $95,804 to close, and return on cash invested stands at 25.74% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 134.14% and total cumulative return in cash at $128,510. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,254/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93257, Porterville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,215 (100%) |
| Owner Occupied HU | 13,456 (53.4%) |
| Renter Occupied HU | 10,551 (41.8%) |
| Vacant Housing Units | 1,208 ( 4.8%) |
| Median Home Value | $315,910 |
| Average Home Value | $353,818 |
Housing Distribution
Address Breakdown
Residential
23,579
Single Family
22,435
Multi-Family
1,144
Businesses
1,380
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Listed by: Adam A Roman • Century 21 Jordan-Link/Porterville Morton 878
Mls Name: TCMLS
Mls ID: #237622