24 E School Avenue #4PortervilleCA93257
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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 24 E School Avenue #4, Porterville, CA, 93257 priced at $539,900 converts $1,654/mo rent into after a $2,643/mo obligation. Total monthly income equals $1,654/mo. Return on cash invested prints 8.67% in year one, and rental yield reads 3.68% against a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation compiles into $149,164 by year five. Five-year ROI reaches 42.53% and total cumulative return in cash sums $75,547. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,654/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Multi Family
Built in 1915
10,454 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: Teresa Valle • Five Star Realty
Mls Name: TCMLS
Mls ID: #238786