115 Pico AveClovisCA93612
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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
Rental property for sale in Clovis at 115 Pico Ave, Clovis, CA, 93612 priced at $349,900 converts $2,286/mo rent into $121/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,286/mo, and annual cash flow totals $1,452/yr on $115,992 invested. Return on cash invested prints 21.16% in year one, and rental yield reads 7.84% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 109.6% and total cumulative return in cash sums $127,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,286/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1961
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93612, Clovis, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,346 (100%) |
| Owner Occupied HU | 5,698 (34.9%) |
| Renter Occupied HU | 9,714 (59.4%) |
| Vacant Housing Units | 934 ( 5.7%) |
| Median Home Value | $376,731 |
| Average Home Value | $387,303 |
Housing Distribution
Address Breakdown
Residential
14,958
Single Family
11,899
Multi-Family
3,059
Businesses
1,707
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Listed by: Cheryl Capozzi • Envision Realty, Inc.
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #619260
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.