2249 W Cornell AveFresnoCA93705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2249 W Cornell Ave, Fresno, CA, 93705 listed at $305,999 pairs $2,818/mo rent with a $1,498/mo payment to leave $925/mo cash flow. Total monthly income runs $2,818/mo, and annual cash flow reaches $11,097/yr on $101,439 cash to close. Return on cash invested measures 30.85% in year one, and rental yield registers 11.05% at a $305,999 basis. Equity gained on principal adds $1,975/yr, and annual property appreciation at 5% supports $84,542 by year five. Five-year ROI tracks 161.51% and total cumulative return in cash totals $163,835. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,818/mo property income relative to a $1,498/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
5,998 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joaquin M. Valdez • Genesis Realty Genesis Real Es
Mls Name: Fresno MLS
Mls ID: #634028