1724 Minnewawa Ave SPC 115ClovisCA93612
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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 1724 Minnewawa Ave SPC 115, Clovis, CA, 93612 uses $34,808 cash to close to unlock $29,416/yr annual cash flow and $2,451/mo monthly cash flow. Total monthly income runs $3,101/mo, and a $514/mo payment keeps the spread at $2,451/mo. Purchase price stands at $105,000, and rental yield measures 35.44% with $3,101/mo rent. Return on cash invested shows 104.42% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 556.13% and total cumulative return in cash records $193,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,101/mo property income covering a $514/mo payment rather than investor’s personal income.
Manufactured
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93612, Clovis, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,346 (100%) |
| Owner Occupied HU | 5,698 (34.9%) |
| Renter Occupied HU | 9,714 (59.4%) |
| Vacant Housing Units | 934 ( 5.7%) |
| Median Home Value | $376,731 |
| Average Home Value | $387,303 |
Housing Distribution
Address Breakdown
Residential
14,958
Single Family
11,899
Multi-Family
3,059
Businesses
1,707
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Listed by: Choua Cha Xiong • CMX Realty
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #616319
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.