24743 Tropical DrMaderaCA93638
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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 Madera at 24743 Tropical Dr, Madera, CA, 93638 offers $3,545/mo rent that, after a $2,589/mo payment, leaves $273/mo cash flow. Total monthly income is $3,545/mo, and annual cash flow is $3,272/yr on $174,041 cash. Return on cash invested measures 21.94% in year one, and rental yield stands at 8.04% at a $529,000 entry. Equity gained on principal adds $3,414/yr while 5% annual appreciation compounds into $146,153 by year five. Five-year ROI records 113.69% and total cumulative return in cash reaches $197,873. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,545/mo property income versus a $2,589/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
1.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93638, Madera, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,021 (100%) |
| Owner Occupied HU | 7,020 (53.9%) |
| Renter Occupied HU | 5,473 (42.0%) |
| Vacant Housing Units | 528 ( 4.1%) |
| Median Home Value | $356,944 |
| Average Home Value | $413,680 |
Housing Distribution
Address Breakdown
Residential
12,884
Single Family
12,190
Multi-Family
694
Businesses
622
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Listed by: Randi Davi • Century 21 Select Real Estate
Mls Name: Fresno MLS
Mls ID: #623287