2489 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
Investment property for sale in Fresno at 2489 S Backer Ave, Fresno, CA, 93725 with 5% annual appreciation on a $293,000 basis while $2,468/mo rent supports operations. Total monthly income totals $2,468/mo and a $1,434/mo payment preserves $656/mo for cash returns. Annual cash flow comes to $7,866/yr on $97,130 deployed, and return on cash invested reaches 28.01% in year one. Equity gained on principal adds $1,891/yr, and five-year appreciation sums $80,951 alongside rental yield of 10.11%. Five-year ROI measures 146.28% and total cumulative return in cash totals $142,078.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,468/mo property income versus a $1,434/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
5,998 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: Liru Huang • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls ID: #626227