1228 E Cleveland Avenue UNIT 146MaderaCA93638
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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 Madera at 1228 E Cleveland Avenue UNIT 146, Madera, CA, 93638 uses $46,327 cash to close to unlock $3,690/yr annual cash flow and $307/mo monthly cash flow. Total monthly income runs $2,029/mo, and a $684/mo payment keeps the spread at $307/mo. Purchase price stands at $139,750, and rental yield measures 17.42% with $2,029/mo rent. Return on cash invested shows 27.87% in year one, and 5% annual appreciation builds toward $38,610 over five years. Five-year ROI reaches 153.66% and total cumulative return in cash records $71,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,029/mo property income covering a $684/mo payment rather than investor’s personal income.
Manufactured
Built in 1976
N/A lot
$N/A/sqft
$857 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/R E Professionals
Mls Name: TCMLS
Mls Provider:
Mls ID: #229852
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-10-15 09:47:40 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.