1512 Goshen AveClovisCA93611
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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 1512 Goshen Ave, Clovis, CA, 93611 priced at $485,000 converts $2,857/mo rent into after a $2,374/mo obligation. Total monthly income equals $2,857/mo. Return on cash invested prints 18.08% in year one, and rental yield reads 7.07% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 93.29% and total cumulative return in cash sums $149,990. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,857/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1994
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93611, Clovis, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,356 (100%) |
| Owner Occupied HU | 12,002 (69.2%) |
| Renter Occupied HU | 4,661 (26.9%) |
| Vacant Housing Units | 693 ( 4.0%) |
| Median Home Value | $477,221 |
| Average Home Value | $523,157 |
Housing Distribution
Address Breakdown
Residential
17,081
Single Family
16,155
Multi-Family
926
Businesses
949
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Listed by: Jeremy Clark • Real Broker
Mls Name: Fresno MLS
Mls ID: #624297