3042 E Gilbert AveFresnoCA93721
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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 3042 E Gilbert Ave, Fresno, CA, 93721 with 5% annual appreciation on a $324,990 basis while $2,906/mo rent supports operations. Total monthly income totals $2,906/mo and a $1,591/mo payment preserves $895/mo for cash returns. Annual cash flow comes to $10,743/yr on $107,734 deployed, and return on cash invested reaches 29.88% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,789 alongside rental yield of 10.73%. Five-year ROI measures 156.35% and total cumulative return in cash totals $168,442.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,906/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93721, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,348 (100%) |
| Owner Occupied HU | 219 ( 9.3%) |
| Renter Occupied HU | 1,982 (84.4%) |
| Vacant Housing Units | 147 ( 6.3%) |
| Median Home Value | $234,167 |
| Average Home Value | $444,256 |
Housing Distribution
Address Breakdown
Residential
2,227
Single Family
1,167
Multi-Family
1,060
Businesses
1,273
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Listed by: Gracelyn Martinez • Iron Key Real Estate
Mls Name: Fresno MLS
Mls ID: #624871