1803 Mitchell AvenueSelmaCA93662
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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 Selma at 1803 Mitchell Avenue, Selma, CA, 93662 generates $1,854/mo in rent, after a $3,671/mo payment. Total monthly income is $1,854/mo. Return on cash invested sits at 6.51% in year one, and rental yield is 2.97% on a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 30.98% and total cumulative return in cash sums $76,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,854/mo property income rather than buyer’s personal income.
Multi Family
Built in 1947
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93662, Selma, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,273 (100%) |
| Owner Occupied HU | 4,965 (53.5%) |
| Renter Occupied HU | 3,990 (43.0%) |
| Vacant Housing Units | 318 ( 3.4%) |
| Median Home Value | $355,755 |
| Average Home Value | $401,435 |
Housing Distribution
Address Breakdown
Residential
8,992
Single Family
8,389
Multi-Family
603
Businesses
769
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Listed by: Kyle J Wilkins • Universal Realty Services, Inc
Mls Name: TCMLS
Mls Provider:
Mls ID: #236042
Disclaimer: Based on information from the Tulare County Association of REALTORS as of {{LastUpdated}}. 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.