617 N Farris AveFresnoCA93728
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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 617 N Farris Ave, Fresno, CA, 93728 listed at $284,950 pairs $2,038/mo rent with a $1,395/mo payment to leave $275/mo cash flow. Total monthly income runs $2,038/mo, and annual cash flow reaches $3,299/yr on $94,461 cash to close. Return on cash invested measures 23.4% in year one, and rental yield registers 8.58% at a $284,950 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,726 by year five. Five-year ROI tracks 121.56% and total cumulative return in cash totals $114,831. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,038/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93728, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,543 (100%) |
| Owner Occupied HU | 2,651 (40.5%) |
| Renter Occupied HU | 3,528 (53.9%) |
| Vacant Housing Units | 364 ( 5.6%) |
| Median Home Value | $255,250 |
| Average Home Value | $310,972 |
Housing Distribution
Address Breakdown
Residential
6,197
Single Family
5,528
Multi-Family
669
Businesses
623
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Listed by: Paul C. Tatarian • The Apex Broker, Inc
Mls Name: Fresno MLS
Mls ID: #638505