947 Carson AveClovisCA93611
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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 Clovis at 947 Carson Ave, Clovis, CA, 93611 priced at $510,000 converts $2,565/mo rent into after a $2,496/mo obligation. Total monthly income equals $2,565/mo. Return on cash invested prints 15.84% in year one, and rental yield reads 6.04% against a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation compiles into $140,904 by year five. Five-year ROI reaches 81.02% and total cumulative return in cash sums $135,939. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,565/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 2004
8,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93611, Clovis, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,356 (100%) |
| Owner Occupied HU | 12,002 (69.2%) |
| Renter Occupied HU | 4,661 (26.9%) |
| Vacant Housing Units | 693 ( 4.0%) |
| Median Home Value | $477,221 |
| Average Home Value | $523,157 |
Housing Distribution
Address Breakdown
Residential
17,081
Single Family
16,155
Multi-Family
926
Businesses
949
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Listed by: Nico P. Gentile • Gentile Real Estate
Mls Name: Fresno MLS
Mls ID: #630083