424 W Menlo AveClovisCA93612
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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 Clovis at 424 W Menlo Ave, Clovis, CA, 93612 uses $141,880 cash to close to unlock $78/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $2,095/mo payment keeps the spread at $6/mo. Purchase price stands at $427,995, and rental yield measures 7.62% with $2,716/mo rent. Return on cash invested shows 19.96% in year one, and 5% annual appreciation builds toward $118,247 over five years. Five-year ROI reaches 103.33% and total cumulative return in cash records $146,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $2,095/mo payment rather than investor’s personal income.
Single Family
Built in 1979
9,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93612, Clovis, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,346 (100%) |
| Owner Occupied HU | 5,698 (34.9%) |
| Renter Occupied HU | 9,714 (59.4%) |
| Vacant Housing Units | 934 ( 5.7%) |
| Median Home Value | $376,731 |
| Average Home Value | $387,303 |
Housing Distribution
Address Breakdown
Residential
14,958
Single Family
11,899
Multi-Family
3,059
Businesses
1,707
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Listed by: Narek Bznuni • Elevate Asset Management, Inc.
Mls Name: Fresno MLS
Mls ID: #629758