701 W Theta 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
Rental property for sale in Porterville at 701 W Theta Avenue, Porterville, CA, 93257 offers $2,312/mo rent that, after a $1,703/mo payment, leaves $160/mo cash flow. Total monthly income is $2,312/mo, and annual cash flow is $1,914/yr on $115,362 cash. Return on cash invested measures 21.57% in year one, and rental yield stands at 7.97% at a $348,000 entry. Equity gained on principal adds $2,246/yr while 5% annual appreciation compounds into $96,146 by year five. Five-year ROI records 111.75% and total cumulative return in cash reaches $128,914. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,312/mo property income versus a $1,703/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
6,138 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: Kari L Acosta • Independent Broker Network
Mls Name: TCMLS
Mls ID: #236568