419 S Backer AveFresnoCA93702
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
Investment property for sale in Fresno at 419 S Backer Ave, Fresno, CA, 93702 at $315,000 posts ROI 24.47% with $397/mo cash flow from $2,346/mo rent. Total monthly income equals $2,346/mo, and annual cash flow records $4,765/yr on $104,423 to close. Return on cash invested measures 24.47% and rental yield reads 8.94% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 127.35% and total cumulative return in cash totals $132,977.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,346/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1926
8,367 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: Isidro DeLaTorre • All State Homes
Mls Name: Fresno MLS
Mls ID: #627084