53804 N Highway 245MiramonteCA93641
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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 Miramonte at 53804 N Highway 245, Miramonte, CA, 93641 generates $1,667/mo in rent and, after a $1,150/mo payment, leaves $213/mo in cash flow. Total monthly income is $1,667/mo, and annual cash flow is $2,561/yr on $77,903 invested. Return on cash invested sits at 23.2% in year one, and rental yield is 8.51% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 120.49% and total cumulative return in cash sums $93,868. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,667/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93641, Miramonte, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 149 (40.2%) |
| Renter Occupied HU | 68 (18.3%) |
| Vacant Housing Units | 154 (41.5%) |
| Median Home Value | $454,688 |
| Average Home Value | $519,866 |
Housing Distribution
Address Breakdown
Residential
126
Single Family
126
Multi-Family
0
Businesses
10
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Listed by: Ornella Lis Mazza Rosales • Sierra Real Estate
Mls Name: Fresno MLS
Mls ID: #615575