812 W Grand 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 812 W Grand Avenue, Porterville, CA, 93257 offers a 14.59% rental yield on a $259,900 purchase with $3,161/mo rent. Total monthly income registers $3,161/mo, and a $1,272/mo payment leaves $1,153/mo available for distribution. Annual cash flow reaches $13,839/yr on $86,157 to close, and return on cash invested stands at 35.97% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 191.04% and total cumulative return in cash at $164,590. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,161/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
2,178 sqft lot
$N/A/sqft
$400 monthly 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: Sherrece R Clark • Downtown Realty
Mls Name: TCMLS
Mls Provider:
Mls ID: #230620
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-08-14 13:17:34 PDT. 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.