1724 Minnewawa Avenue UNIT 163ClovisCA93612
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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 1724 Minnewawa Avenue UNIT 163, Clovis, CA, 93612 generates $2,514/mo in rent and, after a $563/mo payment, leaves $1,802/mo in cash flow. Total monthly income is $2,514/mo, and annual cash flow is $21,629/yr on $38,123 invested. Return on cash invested sits at 76.65% in year one, and rental yield is 26.23% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 407.15% and total cumulative return in cash sums $155,217. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,514/mo property income rather than buyer’s personal income.
Manufactured
Built in 1970
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: Ernestina Gonzalez Velasco • Realty Concepts, Ltd
Mls Name: TCMLS
Mls Provider:
Mls ID: #231640
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-10-15 07:17:45 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.