2123 Cherrywood CtHanfordCA93230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hanford at 2123 Cherrywood Ct, Hanford, CA, 93230 generates $3,976/mo in rent and, after a $1,713/mo payment, leaves $1,811/mo in cash flow. Total monthly income is $3,976/mo, and annual cash flow is $21,731/yr on $116,025 invested. Return on cash invested sits at 38.64% in year one, and rental yield is 13.63% on a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 203.26% and total cumulative return in cash sums $235,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,976/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93230, Hanford, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,861 (100%) |
| Owner Occupied HU | 14,249 (57.3%) |
| Renter Occupied HU | 9,414 (37.9%) |
| Vacant Housing Units | 1,198 ( 4.8%) |
| Median Home Value | $364,604 |
| Average Home Value | $391,214 |
Housing Distribution
Address Breakdown
Residential
24,064
Single Family
22,169
Multi-Family
1,895
Businesses
1,521
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda L. Valdez • Home Star Real Estate
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #614742
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.