2625 E Michigan AveFresnoCA93703
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
Rental property for sale in Fresno at 2625 E Michigan Ave, Fresno, CA, 93703 priced at $399,000 converts $2,398/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,398/mo. Return on cash invested prints 19.27% in year one, and rental yield reads 7.21% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 99.43% and total cumulative return in cash sums $131,510. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,398/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,102 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93703, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,975 (100%) |
| Owner Occupied HU | 4,002 (36.5%) |
| Renter Occupied HU | 6,476 (59.0%) |
| Vacant Housing Units | 497 ( 4.5%) |
| Median Home Value | $269,598 |
| Average Home Value | $303,739 |
Housing Distribution
Address Breakdown
Residential
10,121
Single Family
8,867
Multi-Family
1,254
Businesses
952
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phi-Yen Markendorf • Markendorf and Associates
Mls Name: Fresno MLS
Mls ID: #641604