487 W Fremont AveClovisCA93612
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 Clovis at 487 W Fremont Ave, Clovis, CA, 93612 priced at $505,000 converts $3,212/mo rent into $88/mo cash flow after a $2,472/mo obligation. Total monthly income equals $3,212/mo, and annual cash flow totals $1,052/yr on $166,145 invested. Return on cash invested prints 20.69% in year one, and rental yield reads 7.63% against a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation compiles into $139,522 by year five. Five-year ROI reaches 107.01% and total cumulative return in cash sums $177,798. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,212/mo property income covering a $2,472/mo payment, not borrower’s personal income.
Single Family
Built in 2006
7,062 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93612, Clovis, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,346 (100%) |
| Owner Occupied HU | 5,698 (34.9%) |
| Renter Occupied HU | 9,714 (59.4%) |
| Vacant Housing Units | 934 ( 5.7%) |
| Median Home Value | $376,731 |
| Average Home Value | $387,303 |
Housing Distribution
Address Breakdown
Residential
14,958
Single Family
11,899
Multi-Family
3,059
Businesses
1,707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Dombroski • Dombroski Realty
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #617877
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.