2994 E Cornell AveFresnoCA93703
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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
Total monthly income runs $1,734/mo, and a $1,468/mo payment. Purchase price stands at $300,000, and rental yield measures 6.94% with $1,734/mo rent. Return on cash invested shows 18.44% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 95.01% and total cumulative return in cash records $94,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,734/mo property income covering a $1,468/mo payment rather than investor’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
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Listed by: Michelle L. Carpenter • Real Broker
Mls Name: Fresno MLS
Mls ID: #631018