2340 E Clay AveFresnoCA93701
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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 Fresno at 2340 E Clay Ave, Fresno, CA, 93701 uses $80,223 cash to close to unlock $8,849/yr annual cash flow and $737/mo monthly cash flow. Total monthly income runs $2,234/mo, and a $1,184/mo payment keeps the spread at $737/mo. Purchase price stands at $242,000, and rental yield measures 11.08% with $2,234/mo rent. Return on cash invested shows 30.94% in year one, and 5% annual appreciation builds toward $66,860 over five years. Five-year ROI reaches 162.02% and total cumulative return in cash records $129,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,234/mo property income covering a $1,184/mo payment rather than investor’s personal income.
Single Family
Built in 1915
6,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93701, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,896 (100%) |
| Owner Occupied HU | 674 (17.3%) |
| Renter Occupied HU | 2,960 (76.0%) |
| Vacant Housing Units | 262 ( 6.7%) |
| Median Home Value | $252,500 |
| Average Home Value | $299,603 |
Housing Distribution
Address Breakdown
Residential
3,528
Single Family
2,651
Multi-Family
877
Businesses
437
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Listed by: Eduardo A. Ruiz • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls ID: #637740