2646 Palo Alto AveClovisCA93611
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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
Investment property for sale in Clovis at 2646 Palo Alto Ave, Clovis, CA, 93611 with 5% annual appreciation on a $510,000 basis while $5,196/mo rent supports operations. Total monthly income totals $5,196/mo and a $2,496/mo payment preserves $2,041/mo for cash returns. Annual cash flow comes to $24,495/yr on $167,790 deployed, and return on cash invested reaches 34.66% in year one. Equity gained on principal adds $3,291/yr, and five-year appreciation sums $140,904 alongside rental yield of 12.23%. Five-year ROI measures 181.92% and total cumulative return in cash totals $305,247.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,196/mo property income versus a $2,496/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1995
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93611, Clovis, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,356 (100%) |
| Owner Occupied HU | 12,002 (69.2%) |
| Renter Occupied HU | 4,661 (26.9%) |
| Vacant Housing Units | 693 ( 4.0%) |
| Median Home Value | $477,221 |
| Average Home Value | $523,157 |
Housing Distribution
Address Breakdown
Residential
17,081
Single Family
16,155
Multi-Family
926
Businesses
949
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Listed by: Sheri R. Bush • Realty Concepts, Ltd. - Clovis
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #617560
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.