2463 Thompson AvenueSelmaCA93662
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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 Selma at 2463 Thompson Avenue, Selma, CA, 93662 offers a 11.26% rental yield on a $200,000 purchase with $1,877/mo rent. Total monthly income registers $1,877/mo, and a $979/mo payment leaves $640/mo available for distribution. Annual cash flow reaches $7,676/yr on $66,300 to close, and return on cash invested stands at 31.49% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 164.95% and total cumulative return in cash at $109,364. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,877/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93662, Selma, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,273 (100%) |
| Owner Occupied HU | 4,965 (53.5%) |
| Renter Occupied HU | 3,990 (43.0%) |
| Vacant Housing Units | 318 ( 3.4%) |
| Median Home Value | $355,755 |
| Average Home Value | $401,435 |
Housing Distribution
Address Breakdown
Residential
8,992
Single Family
8,389
Multi-Family
603
Businesses
769
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Listed by: Alex Salazar • Re/Max Gold
Mls Name: TCMLS
Mls ID: #238644