389 S Cornell StreetPortervilleCA93257
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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
Investment property for sale in Porterville at 389 S Cornell Street, Porterville, CA, 93257 at $169,950 posts ROI 26.27% with $298/mo cash flow from $1,350/mo rent. Total monthly income equals $1,350/mo, and annual cash flow records $3,582/yr on $56,338 to close. Return on cash invested measures 26.27% and rental yield reads 9.53% at the current $169,950. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,954 by year five. Five-year ROI prints 136.97% and total cumulative return in cash totals $77,165.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,350/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1977
3,750 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: Rick Conway • Melson Realty, Inc.
Mls Name: TCMLS
Mls ID: #238843