29531 Morgan Canyon RdPratherCA93651
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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 Prather at 29531 Morgan Canyon Rd, Prather, CA, 93651 offers a 13.79% rental yield on a $225,000 purchase with $2,586/mo rent. Total monthly income registers $2,586/mo, and a $1,101/mo payment leaves $1,194/mo available for distribution. Annual cash flow reaches $14,332/yr on $74,588 to close, and return on cash invested stands at 39.12% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 205.91% and total cumulative return in cash at $153,585. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,586/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93651, Prather, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 602 (100%) |
| Owner Occupied HU | 474 (78.7%) |
| Renter Occupied HU | 77 (12.8%) |
| Vacant Housing Units | 51 ( 8.5%) |
| Median Home Value | $558,654 |
| Average Home Value | $572,706 |
Housing Distribution
Address Breakdown
Residential
484
Single Family
484
Multi-Family
0
Businesses
76
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Listed by: Manuel Chavez. Jr • M.C. Real Estate Corp
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #620062
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.