353 W Ellery WayFresnoCA93704
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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 353 W Ellery Way, Fresno, CA, 93704 uses $165,419 cash to close to unlock $2,225/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $3,272/mo, and a $2,442/mo payment keeps the spread at $185/mo. Purchase price stands at $499,000, and rental yield measures 7.87% with $3,272/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 110.07% and total cumulative return in cash records $182,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,272/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1970
9,038 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93704, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,917 (100%) |
| Owner Occupied HU | 6,178 (51.8%) |
| Renter Occupied HU | 5,144 (43.2%) |
| Vacant Housing Units | 595 ( 5.0%) |
| Median Home Value | $445,508 |
| Average Home Value | $504,721 |
Housing Distribution
Address Breakdown
Residential
11,423
Single Family
9,346
Multi-Family
2,077
Businesses
715
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Listed by: Melissa M. Bowen • HomeSmart PV and Associates
Mls Name: Fresno MLS
Mls ID: #642606