1621 Richert 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
Investment property for sale in Clovis at 1621 Richert Ave, Clovis, CA, 93611 at $415,000 posts ROI 32.01% with $1,387/mo cash flow from $3,954/mo rent. Total monthly income equals $3,954/mo, and annual cash flow records $16,643/yr on $137,573 to close. Return on cash invested measures 32.01% and rental yield reads 11.43% at the current $415,000. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 by year five. Five-year ROI prints 167.7% and total cumulative return in cash totals $230,709.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,954/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
7,875 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: Brent S. Cate • Modern Broker
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #617785
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.