294 S Red Oak StreetPortervilleCA93257
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 294 S Red Oak Street, Porterville, CA, 93257 priced at $359,900 converts $2,244/mo rent into $17/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,244/mo, and annual cash flow totals $206/yr on $119,307 invested. Return on cash invested prints 20.08% in year one, and rental yield reads 7.48% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 103.8% and total cumulative return in cash sums $123,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,244/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1994
7,310 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: Christopher J Webb • Downtown Realty
Mls Name: TCMLS
Mls ID: #237320