2940 S Elm AveFresnoCA93706
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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 2940 S Elm Ave, Fresno, CA, 93706 priced at $725,000 converts $4,174/mo rent into after a $3,549/mo obligation. Total monthly income equals $4,174/mo. Return on cash invested prints 18.49% in year one, and rental yield reads 6.91% against a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,304 by year five. Five-year ROI reaches 95.22% and total cumulative return in cash sums $227,117. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,174/mo property income covering a $3,549/mo payment, not borrower’s personal income.
Multi Family
Built in 1946
2.28 Acres 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: Trina Mehta • Amo Realty, Inc
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #616342
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.