173 E Oak AvenuePortervilleCA93257
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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 173 E Oak Avenue, Porterville, CA, 93257 offers $3,508/mo rent that, after a $2,300/mo payment, leaves $601/mo cash flow. Total monthly income is $3,508/mo, and annual cash flow is $7,212/yr on $155,772 cash. Return on cash invested measures 24.54% in year one, and rental yield stands at 8.96% at a $469,900 entry. Equity gained on principal adds $3,032/yr while 5% annual appreciation compounds into $129,825 by year five. Five-year ROI records 127.7% and total cumulative return in cash reaches $198,914. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,508/mo property income versus a $2,300/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1987
7,533 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: Alicia G Gonzales • Downtown Realty
Mls Name: TCMLS
Mls Provider:
Mls ID: #231023
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-08-29 02:05:43 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.