2474 S Backer AveFresnoCA93725
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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 Fresno at 2474 S Backer Ave, Fresno, CA, 93725 offers $1,597/mo rent that, after a $1,224/mo payment, leaves $50/mo cash flow. Total monthly income is $1,597/mo, and annual cash flow is $601/yr on $82,875 cash. Return on cash invested measures 20.63% in year one, and rental yield stands at 7.67% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 106.8% and total cumulative return in cash reaches $88,510. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,597/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93725, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,260 (100%) |
| Owner Occupied HU | 4,062 (56.0%) |
| Renter Occupied HU | 2,880 (39.7%) |
| Vacant Housing Units | 318 ( 4.4%) |
| Median Home Value | $346,601 |
| Average Home Value | $400,860 |
Housing Distribution
Address Breakdown
Residential
6,813
Single Family
6,658
Multi-Family
155
Businesses
789
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Listed by: Nikki J. Thomas • CMT Properties, Inc.
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #617468
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.