381 E Nees Ave UNIT 106FresnoCA93720
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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 381 E Nees Ave UNIT 106, Fresno, CA, 93720 priced at $290,000 converts $3,196/mo rent into $908/mo cash flow after a $1,419/mo obligation. Total monthly income equals $3,196/mo, and annual cash flow totals $10,896/yr on $96,135 invested. Return on cash invested prints 31.24% in year one, and rental yield reads 13.22% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 165.9% and total cumulative return in cash sums $159,484. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,196/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1979
1,990 sqft lot
$N/A/sqft
$397 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93720, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,850 (100%) |
| Owner Occupied HU | 10,815 (54.5%) |
| Renter Occupied HU | 8,056 (40.6%) |
| Vacant Housing Units | 979 ( 4.9%) |
| Median Home Value | $483,329 |
| Average Home Value | $533,221 |
Housing Distribution
Address Breakdown
Residential
19,973
Single Family
18,016
Multi-Family
1,957
Businesses
1,551
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Listed by: Sam Patel • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #616284
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.