1038 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
Investment property for sale in Fresno at 1038 W Cortland Ave, Fresno, CA, 93705 earns from $1,741/mo rent with a $1,468/mo payment. Total monthly income totals $1,741/mo. ROI tracks 18.53% on current figures, and rental yield reads 6.97% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 95.45% and total cumulative return in cash sums $94,888. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,741/mo property income instead of your personal income.
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: Alejandro Trevino • Bonadelle Realty, Inc.
Mls Name: Fresno MLS
Mls ID: #641293