2423 N Thorne AveFresnoCA93704
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
Investment property for sale in Fresno at 2423 N Thorne Ave, Fresno, CA, 93704 with 5% annual appreciation on a $369,000 basis while $2,401/mo rent supports operations. Total monthly income totals $2,401/mo and a $1,806/mo payment preserves $118/mo for cash returns. Annual cash flow comes to $1,420/yr on $122,324 deployed, and return on cash invested reaches 21.07% in year one. Equity gained on principal adds $2,381/yr, and five-year appreciation sums $101,948 alongside rental yield of 7.81%. Five-year ROI measures 109.08% and total cumulative return in cash totals $133,431.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,401/mo property income versus a $1,806/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
7,936 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93704, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,917 (100%) |
| Owner Occupied HU | 6,178 (51.8%) |
| Renter Occupied HU | 5,144 (43.2%) |
| Vacant Housing Units | 595 ( 5.0%) |
| Median Home Value | $445,508 |
| Average Home Value | $504,721 |
Housing Distribution
Address Breakdown
Residential
11,423
Single Family
9,346
Multi-Family
2,077
Businesses
715
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick Pharr • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls ID: #627128