1559 N Prospect StreetPortervilleCA93257
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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 Porterville at 1559 N Prospect Street, Porterville, CA, 93257 generates $2,291/mo in rent and, after a $1,713/mo payment, leaves $126/mo in cash flow. Total monthly income is $2,291/mo, and annual cash flow is $1,511/yr on $116,025 invested. Return on cash invested sits at 21.21% in year one, and rental yield is 7.85% on a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 109.81% and total cumulative return in cash sums $127,406. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,291/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
8,276 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: Carly Ladrigan • Legacy Real Estate Inc
Mls Name: TCMLS
Mls ID: #236540