695 W Red Oak AvenuePortervilleCA93257
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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 Porterville at 695 W Red Oak Avenue, Porterville, CA, 93257 uses $135,749 cash to close to unlock $3,529/yr annual cash flow and $294/mo monthly cash flow. Total monthly income runs $2,827/mo, and a $2,004/mo payment keeps the spread at $294/mo. Purchase price stands at $409,500, and rental yield measures 8.28% with $2,827/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $113,137 over five years. Five-year ROI reaches 116.8% and total cumulative return in cash records $158,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,827/mo property income covering a $2,004/mo payment rather than investor’s personal income.
Single Family
Built in 2023
6,000 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: Maribel Ceballos • AXEN Realty
Mls Name: TCMLS
Mls ID: #239337