6300 N Palm Ave UNIT 109FresnoCA93704
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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 6300 N Palm Ave UNIT 109, Fresno, CA, 93704 uses $114,368 cash to close to unlock $1,636/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $2,271/mo, and a $1,689/mo payment keeps the spread at $136/mo. Purchase price stands at $345,000, and rental yield measures 7.9% with $2,271/mo rent. Return on cash invested shows 21.34% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 110.53% and total cumulative return in cash records $126,412. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,271/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 1980
3,249 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93704, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,917 (100%) |
| Owner Occupied HU | 6,178 (51.8%) |
| Renter Occupied HU | 5,144 (43.2%) |
| Vacant Housing Units | 595 ( 5.0%) |
| Median Home Value | $445,508 |
| Average Home Value | $504,721 |
Housing Distribution
Address Breakdown
Residential
11,423
Single Family
9,346
Multi-Family
2,077
Businesses
715
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Listed by: Anthony Gamber • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls ID: #640392