1007 W Cortland AveFresnoCA93705
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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 Fresno at 1007 W Cortland Ave, Fresno, CA, 93705 offers $1,962/mo rent that, after a $1,517/mo payment, leaves $45/mo cash flow. Total monthly income is $1,962/mo, and annual cash flow is $537/yr on $102,732 cash. Return on cash invested measures 20.43% in year one, and rental yield stands at 7.6% at a $309,900 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,620 by year five. Five-year ROI records 105.64% and total cumulative return in cash reaches $108,528. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,962/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
7,832 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93705, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,841 (100%) |
| Owner Occupied HU | 5,897 (42.6%) |
| Renter Occupied HU | 7,361 (53.2%) |
| Vacant Housing Units | 583 ( 4.2%) |
| Median Home Value | $307,866 |
| Average Home Value | $348,514 |
Housing Distribution
Address Breakdown
Residential
12,800
Single Family
11,072
Multi-Family
1,728
Businesses
319
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Listed by: Christopher Cissel • Premier Plus Real Estate Compa
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #623176
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.