38 Meernaa AveFairfaxCA94930
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fairfax at 38 Meernaa Ave, Fairfax, CA, 94930 priced at $1,548,999 pairs $6,691/mo rent with after a $7,582/mo payment. Total monthly income equals $6,691/mo. Return on cash invested is 13.46% in year one, and rental yield stands at 5.18% on a $1,548,999 basis. Equity gained on principal adds $9,995/yr, and 5% annual appreciation accumulates to $427,960 by year five. Five-year ROI measures 68.14% and total cumulative return in cash reaches $341,963. For financing, Ziffy Mortgage’s DSCR program evaluates $6,691/mo property income against a $7,582/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94930, Fairfax, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,972 (100%) |
| Owner Occupied HU | 2,494 (62.8%) |
| Renter Occupied HU | 1,225 (30.8%) |
| Vacant Housing Units | 253 ( 6.4%) |
| Median Home Value | $1,274,714 |
| Average Home Value | $1,360,223 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,402
Multi-Family
399
Businesses
250
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Hotchkiss • Vanguard Properties
Mls Name: SFAR
Mls Provider:
Mls ID: #325066495
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.