429 S Backer Ave APT 101FresnoCA93702
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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 429 S Backer Ave APT 101, Fresno, CA, 93702 generates $1,421/mo in rent, after a $7,665/mo payment. Total monthly income is $1,421/mo. Return on cash invested sits at 0.82% in year one, and rental yield is 1.09% on a $1,566,100 entry. Equity gained on principal adds $10,106/yr, while 5% annual appreciation builds toward $432,685 over five years. Five-year ROI reaches 0.38% and total cumulative return in cash sums $1,912. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,421/mo property income rather than buyer’s personal income.
Apartment
Built in N/A
N/A 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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