618 W Simpson AveFresnoCA93705
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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 Fresno at 618 W Simpson Ave, Fresno, CA, 93705 priced at $249,950 pairs $1,819/mo rent with $273/mo cash flow after a $1,223/mo payment. Total monthly income equals $1,819/mo, and annual cash flow comes to $3,278/yr on $82,858 invested. Return on cash invested is 23.86% in year one, and rental yield stands at 8.73% on a $249,950 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,057 by year five. Five-year ROI measures 124.11% and total cumulative return in cash reaches $102,834. For financing, Ziffy Mortgage’s DSCR program evaluates $1,819/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93705, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,841 (100%) |
| Owner Occupied HU | 5,897 (42.6%) |
| Renter Occupied HU | 7,361 (53.2%) |
| Vacant Housing Units | 583 ( 4.2%) |
| Median Home Value | $307,866 |
| Average Home Value | $348,514 |
Housing Distribution
Address Breakdown
Residential
12,800
Single Family
11,072
Multi-Family
1,728
Businesses
319
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Listed by: Sarah Hedrick • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls ID: #624355