4885 N Backer Ave UNIT 124FresnoCA93726
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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
Investment property for sale in Fresno at 4885 N Backer Ave UNIT 124, Fresno, CA, 93726 uses $82,212 cash to close to unlock $5,348/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $2,420/mo, and a $1,214/mo payment keeps the spread at $446/mo. Purchase price stands at $248,000, and rental yield measures 11.71% with $2,420/mo rent. Return on cash invested shows 26.41% in year one, and 5% annual appreciation builds toward $68,518 over five years. Five-year ROI reaches 140.06% and total cumulative return in cash records $115,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,420/mo property income covering a $1,214/mo payment rather than investor’s personal income.
Condo
Built in 1984
1,907 sqft lot
$N/A/sqft
$440 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93726, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,068 (100%) |
| Owner Occupied HU | 5,874 (39.0%) |
| Renter Occupied HU | 8,381 (55.6%) |
| Vacant Housing Units | 813 ( 5.4%) |
| Median Home Value | $291,147 |
| Average Home Value | $318,500 |
Housing Distribution
Address Breakdown
Residential
14,935
Single Family
11,547
Multi-Family
3,388
Businesses
978
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Listed by: Sylvia Tang • Real Broker
Mls Name: Fresno MLS
Mls ID: #627629