2345 W Bel Aire CourtPortervilleCA93257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2345 W Bel Aire Court, Porterville, CA, 93257 generates $4,378/mo in rent and, after a $2,937/mo payment, leaves $661/mo in cash flow. Total monthly income is $4,378/mo, and annual cash flow is $7,926/yr on $197,400 invested. Return on cash invested sits at 24.08% in year one, and rental yield is 8.76% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 125.17% and total cumulative return in cash sums $247,080. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,378/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anna C Ballew • Downtown Realty
Mls Name: TCMLS
Mls Provider:
Mls ID: #230868
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-08-27 01:05:42 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.