505 W Pico AveClovisCA93612
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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 505 W Pico Ave, Clovis, CA, 93612 listed at $280,000 pairs $2,752/mo rent with a $1,370/mo payment to leave $1,020/mo cash flow. Total monthly income runs $2,752/mo, and annual cash flow reaches $12,244/yr on $92,820 cash to close. Return on cash invested measures 33.1% in year one, and rental yield registers 11.79% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 173.6% and total cumulative return in cash totals $161,133. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,752/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
5,998 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: Tina Miller Mata • Realty Concepts, Ltd. - Clovis
Mls Name: Fresno MLS
Mls ID: #640524