1585 W Riverglen 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 1585 W Riverglen Ave, Reedley, CA, 93654 priced at $479,950 converts $2,542/mo rent into after a $2,349/mo obligation. Total monthly income equals $2,542/mo. Return on cash invested prints 16.69% in year one, and rental yield reads 6.36% against a $479,950 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,601 by year five. Five-year ROI reaches 85.59% and total cumulative return in cash sums $136,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,542/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1993
8,970 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: Sarah Hedrick • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #622355
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.