1041 E Evening Glow AveReedleyCA93654
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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 Reedley at 1041 E Evening Glow Ave, Reedley, CA, 93654 offers $2,040/mo rent that, after a $1,585/mo payment, leaves $37/mo cash flow. Total monthly income is $2,040/mo, and annual cash flow is $440/yr on $107,373 cash. Return on cash invested measures 20.32% in year one, and rental yield stands at 7.56% at a $323,900 entry. Equity gained on principal adds $2,090/yr while 5% annual appreciation compounds into $89,488 by year five. Five-year ROI records 105.04% and total cumulative return in cash reaches $112,779. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,040/mo property income versus a $1,585/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93654, Reedley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,520 (100%) |
| Owner Occupied HU | 5,536 (58.2%) |
| Renter Occupied HU | 3,578 (37.6%) |
| Vacant Housing Units | 406 ( 4.3%) |
| Median Home Value | $382,117 |
| Average Home Value | $420,477 |
Housing Distribution
Address Breakdown
Residential
9,204
Single Family
8,321
Multi-Family
883
Businesses
853
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Listed by: Jonathan P. Minerick • HomeCoin.com
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #618134
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.