1502 W River AvenuePortervilleCA93257
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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 1502 W River Avenue, Porterville, CA, 93257 listed at $338,000 pairs $2,197/mo rent with a $1,654/mo payment to leave $106/mo cash flow. Total monthly income runs $2,197/mo, and annual cash flow reaches $1,277/yr on $112,047 cash to close. Return on cash invested measures 21.05% in year one, and rental yield registers 7.8% at a $338,000 basis. Equity gained on principal adds $2,181/yr, and annual property appreciation at 5% supports $93,383 by year five. Five-year ROI tracks 108.96% and total cumulative return in cash totals $122,090. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,197/mo property income relative to a $1,654/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
6,726 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: Sergio Guzman • Legacy Real Estate Inc
Mls Name: TCMLS
Mls ID: #238003