16 S Plano 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 16 S Plano Street, Porterville, CA, 93257 priced at $360,000 converts $2,147/mo rent into after a $1,762/mo obligation. Total monthly income equals $2,147/mo. Return on cash invested prints 19.1% in year one, and rental yield reads 7.16% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 98.51% and total cumulative return in cash sums $117,561. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,147/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.28 Acres 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: #238952