1559 N Carruth AvenueFresnoCA93728
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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 1559 N Carruth Avenue, Fresno, CA, 93728 offers a 9.35% rental yield on a $310,000 purchase with $2,416/mo rent. Total monthly income registers $2,416/mo, and a $1,517/mo payment leaves $499/mo available for distribution. Annual cash flow reaches $5,983/yr on $102,765 to close, and return on cash invested stands at 25.73% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 134.07% and total cumulative return in cash at $137,779. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,416/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
6,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93728, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,543 (100%) |
| Owner Occupied HU | 2,651 (40.5%) |
| Renter Occupied HU | 3,528 (53.9%) |
| Vacant Housing Units | 364 ( 5.6%) |
| Median Home Value | $255,250 |
| Average Home Value | $310,972 |
Housing Distribution
Address Breakdown
Residential
6,197
Single Family
5,528
Multi-Family
669
Businesses
623
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Listed by: Alex Salazar • Re/Max Gold Corporate
Mls Name: TCMLS
Mls ID: #238152