1024 Fremont StAvenalCA93204
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
Rental property for sale in Avenal at 1024 Fremont St, Avenal, CA, 93204 priced at $339,000 converts $2,650/mo rent into $553/mo cash flow after a $1,659/mo obligation. Total monthly income equals $2,650/mo, and annual cash flow totals $6,637/yr on $112,379 invested. Return on cash invested prints 25.82% in year one, and rental yield reads 9.38% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 134.55% and total cumulative return in cash sums $151,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,650/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Single Family
Built in 2006
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93204, Avenal, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,621 (100%) |
| Owner Occupied HU | 1,120 (42.7%) |
| Renter Occupied HU | 1,400 (53.4%) |
| Vacant Housing Units | 101 ( 3.9%) |
| Median Home Value | $242,349 |
| Average Home Value | $333,054 |
Housing Distribution
Address Breakdown
Residential
2,557
Single Family
2,407
Multi-Family
150
Businesses
158
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Listed by: Maxine Silva Garcia • Mid State Realty
Mls Name: Fresno MLS
Mls ID: #615426