609 Josephine AveMaderaCA93638
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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 Madera at 609 Josephine Ave, Madera, CA, 93638 offers a 8.74% rental yield on a $435,000 purchase with $3,168/mo rent. Total monthly income registers $3,168/mo, and a $2,129/mo payment leaves $477/mo available for distribution. Annual cash flow reaches $5,725/yr on $144,203 to close, and return on cash invested stands at 23.88% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 124.15% and total cumulative return in cash at $179,028. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,168/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93638, Madera, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,021 (100%) |
| Owner Occupied HU | 7,020 (53.9%) |
| Renter Occupied HU | 5,473 (42.0%) |
| Vacant Housing Units | 528 ( 4.1%) |
| Median Home Value | $356,944 |
| Average Home Value | $413,680 |
Housing Distribution
Address Breakdown
Residential
12,884
Single Family
12,190
Multi-Family
694
Businesses
622
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Listed by: Kambria L. Gallenkamp • Small Town Big Living Realty
Mls Name: Fresno MLS
Mls ID: #640156