247 S Meridian AveFresnoCA93702
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
Total monthly income runs $1,578/mo, and a $1,762/mo payment. Purchase price stands at $360,000, and rental yield measures 5.26% with $1,578/mo rent. Return on cash invested shows 13.38% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 67.83% and total cumulative return in cash records $80,949. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,578/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1935
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93702, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,030 (100%) |
| Owner Occupied HU | 4,499 (37.4%) |
| Renter Occupied HU | 7,090 (58.9%) |
| Vacant Housing Units | 441 ( 3.7%) |
| Median Home Value | $224,309 |
| Average Home Value | $293,419 |
Housing Distribution
Address Breakdown
Residential
12,337
Single Family
11,340
Multi-Family
997
Businesses
786
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruben Villegas • Realty In Motion, Inc.
Mls Name: Fresno MLS
Mls ID: #626338