347 Ohio CirclePortervilleCA93257
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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 Porterville at 347 Ohio Circle, Porterville, CA, 93257 uses $114,368 cash to close to unlock $3,700/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $2,443/mo, and a $1,689/mo payment keeps the spread at $308/mo. Purchase price stands at $345,000, and rental yield measures 8.5% with $2,443/mo rent. Return on cash invested shows 23.14% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 120.22% and total cumulative return in cash records $137,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,443/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1964
1,307 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: Amanda Toledo • Legacy Real Estate Inc
Mls Name: TCMLS
Mls ID: #238846