657 W Parlier Avenue UNIT 130ReedleyCA93654
Nearby investment properties with comparable rents
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
Rental property for sale in Reedley at 657 W Parlier Avenue UNIT 130, Reedley, CA, 93654 generates $1,325/mo in rent and, after a $832/mo payment, leaves $73/mo in cash flow. Total monthly income is $1,325/mo, and annual cash flow is $881/yr on $56,355 invested. Return on cash invested sits at 21.47% in year one, and rental yield is 9.35% on a $169,999 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 112.79% and total cumulative return in cash sums $63,561. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,325/mo property income rather than buyer’s personal income.
Condo
Built in 1979
912 sqft lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93654, Reedley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,520 (100%) |
| Owner Occupied HU | 5,536 (58.2%) |
| Renter Occupied HU | 3,578 (37.6%) |
| Vacant Housing Units | 406 ( 4.3%) |
| Median Home Value | $382,117 |
| Average Home Value | $420,477 |
Housing Distribution
Address Breakdown
Residential
9,204
Single Family
8,321
Multi-Family
883
Businesses
853
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Listed by: Margarita I Sanchez • Real Brokerage Technologies
Mls Name: TCMLS
Mls Provider:
Mls ID: #233937
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2025-02-26 12:33:13 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.