3321 E Montecito AveFresnoCA93702
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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 Fresno at 3321 E Montecito Ave, Fresno, CA, 93702 offers a 8.91% rental yield on a $339,998 purchase with $2,525/mo rent. Total monthly income registers $2,525/mo, and a $1,664/mo payment leaves $373/mo available for distribution. Annual cash flow reaches $4,470/yr on $112,709 to close, and return on cash invested stands at 23.88% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,935 over five years. Portfolio math shows five-year ROI at 124.31% and total cumulative return in cash at $140,106. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,525/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
7,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93702, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,030 (100%) |
| Owner Occupied HU | 4,499 (37.4%) |
| Renter Occupied HU | 7,090 (58.9%) |
| Vacant Housing Units | 441 ( 3.7%) |
| Median Home Value | $224,309 |
| Average Home Value | $293,419 |
Housing Distribution
Address Breakdown
Residential
12,337
Single Family
11,340
Multi-Family
997
Businesses
786
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Listed by: Robin T. Sparks • Better Homes & Garden Real Est
Mls Name: Fresno MLS
Mls ID: #621265