1218 E Cleveland Avenue #142MaderaCA93638
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 Madera at 1218 E Cleveland Avenue #142, Madera, CA, 93638 generates $972/mo in rent and, after a $612/mo payment, leaves $199/mo in cash flow. Total monthly income is $972/mo, and annual cash flow is $2,382/yr on $41,438 invested. Return on cash invested sits at 25.66% in year one, and rental yield is 9.33% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 133.72% and total cumulative return in cash sums $55,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $972/mo property income rather than buyer’s personal income.
Manufactured
Built in 1992
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Salazar • Re/Max Gold Corporate
Mls Name: TCMLS
Mls ID: #238204