2261 S Nicholas AvenueFresnoCA93706
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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 2261 S Nicholas Avenue, Fresno, CA, 93706 uses $90,831 cash to close to unlock $3,625/yr annual cash flow and $302/mo monthly cash flow. Total monthly income runs $1,997/mo, and a $1,341/mo payment keeps the spread at $302/mo. Purchase price stands at $274,000, and rental yield measures 8.75% with $1,997/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $75,701 over five years. Five-year ROI reaches 124.29% and total cumulative return in cash records $112,893. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,997/mo property income covering a $1,341/mo payment rather than investor’s personal income.
Single Family
Built in 1948
5,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93706, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,899 (100%) |
| Owner Occupied HU | 4,679 (39.3%) |
| Renter Occupied HU | 6,527 (54.9%) |
| Vacant Housing Units | 693 ( 5.8%) |
| Median Home Value | $305,216 |
| Average Home Value | $400,729 |
Housing Distribution
Address Breakdown
Residential
11,070
Single Family
10,550
Multi-Family
520
Businesses
1,006
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Listed by: Luis Daniel Mota • Century 21 Jordan-Link & Co.
Mls Name: TCMLS
Mls ID: #237099