603 E Mildreda AveFresnoCA93701
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 603 E Mildreda Ave, Fresno, CA, 93701 offers a 8.39% rental yield on a $309,998 purchase with $2,168/mo rent. Total monthly income registers $2,168/mo, and a $1,517/mo payment leaves $251/mo available for distribution. Annual cash flow reaches $3,007/yr on $102,764 to close, and return on cash invested stands at 22.84% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 118.54% and total cumulative return in cash at $121,819. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,168/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93701, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,896 (100%) |
| Owner Occupied HU | 674 (17.3%) |
| Renter Occupied HU | 2,960 (76.0%) |
| Vacant Housing Units | 262 ( 6.7%) |
| Median Home Value | $252,500 |
| Average Home Value | $299,603 |
Housing Distribution
Address Breakdown
Residential
3,528
Single Family
2,651
Multi-Family
877
Businesses
437
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robin T. Sparks • Better Homes & Garden Real Est
Mls Name: Fresno MLS
Mls ID: #617018