1520 S Reed 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 1520 S Reed Ave, Reedley, CA, 93654 priced at $940,000 pairs $1,579/mo rent with after a $4,601/mo payment. Total monthly income equals $1,579/mo. Return on cash invested is 3.62% in year one, and rental yield stands at 2.02% on a $940,000 basis. Equity gained on principal adds $6,066/yr, and 5% annual appreciation accumulates to $259,705 by year five. Five-year ROI measures 15.46% and total cumulative return in cash reaches $47,826. For financing, Ziffy Mortgage’s DSCR program evaluates $1,579/mo property income against a $4,601/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1974
10,454 sqft 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: Scott Tafoya • Real Broker
Mls Name: Fresno MLS
Mls ID: #629974