820 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
Rental property for sale in Porterville at 820 W Grand Avenue, Porterville, CA, 93257 priced at $190,000 pairs $2,923/mo rent with $1,345/mo cash flow after a $930/mo payment. Total monthly income equals $2,923/mo, and annual cash flow comes to $16,135/yr on $62,985 invested. Return on cash invested is 45.53% in year one, and rental yield stands at 18.46% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 243.01% and total cumulative return in cash reaches $153,060. For financing, Ziffy Mortgage’s DSCR program evaluates $2,923/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1984
1,742 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: Somphane Hunter • Legacy Real Estate Inc
Mls Name: TCMLS
Mls Provider:
Mls ID: #231251
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-09-12 23:16:48 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.