24403 Pogue AvenueLemon CoveCA93244
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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 Lemon Cove at 24403 Pogue Avenue, Lemon Cove, CA, 93244 generates $3,485/mo in rent and, after a $2,325/mo payment, leaves $546/mo in cash flow. Total monthly income is $3,485/mo, and annual cash flow is $6,557/yr on $157,463 invested. Return on cash invested sits at 24.07% in year one, and rental yield is 8.8% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 125.18% and total cumulative return in cash sums $197,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,485/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93244, Lemon Cove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 88 (100%) |
| Owner Occupied HU | 64 (72.7%) |
| Renter Occupied HU | 22 (25.0%) |
| Vacant Housing Units | 2 ( 2.3%) |
| Median Home Value | $586,207 |
| Average Home Value | $611,133 |
Housing Distribution
Address Breakdown
Residential
9
Single Family
9
Multi-Family
0
Businesses
32
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Nearby investment properties with comparable prices
Listed by: Sarah Case • RE/MAX Success
Mls Name: TCMLS
Mls Provider:
Mls ID: #235113
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.