3004 E Richert AveFresnoCA93726
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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 3004 E Richert Ave, Fresno, CA, 93726 priced at $345,000 converts $2,288/mo rent into $153/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,288/mo, and annual cash flow totals $1,837/yr on $114,368 invested. Return on cash invested prints 21.52% in year one, and rental yield reads 7.96% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 111.5% and total cumulative return in cash sums $127,516. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,288/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1955
7,070 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93726, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,068 (100%) |
| Owner Occupied HU | 5,874 (39.0%) |
| Renter Occupied HU | 8,381 (55.6%) |
| Vacant Housing Units | 813 ( 5.4%) |
| Median Home Value | $291,147 |
| Average Home Value | $318,500 |
Housing Distribution
Address Breakdown
Residential
14,935
Single Family
11,547
Multi-Family
3,388
Businesses
978
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Listed by: Kaying Vang • HomeSmart PV and Associates
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #623493
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.