1218 E Cleveland Ave SPACE 84MaderaCA93638
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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
Total monthly income runs $1,044/mo, and a $636/mo payment. Purchase price stands at $129,900, and rental yield measures 9.64% with $1,044/mo rent. Return on cash invested shows 1.8% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 14.84% and total cumulative return in cash records $6,391. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,044/mo property income covering a $636/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
3,001 sqft lot
$N/A/sqft
$890 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93638, Madera, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,021 (100%) |
| Owner Occupied HU | 7,020 (53.9%) |
| Renter Occupied HU | 5,473 (42.0%) |
| Vacant Housing Units | 528 ( 4.1%) |
| Median Home Value | $356,944 |
| Average Home Value | $413,680 |
Housing Distribution
Address Breakdown
Residential
12,884
Single Family
12,190
Multi-Family
694
Businesses
622
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Listed by: Rosa M. Ochoa • Realty World Real Estate Profe
Mls Name: Fresno MLS
Mls ID: #623573