6589 N Colonial AveFresnoCA93704
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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 6589 N Colonial Ave, Fresno, CA, 93704 offers $3,316/mo rent that, after a $2,570/mo payment, leaves $58/mo cash flow. Total monthly income is $3,316/mo, and annual cash flow is $699/yr on $172,725 cash. Return on cash invested measures 20.46% in year one, and rental yield stands at 7.58% at a $525,000 entry. Equity gained on principal adds $3,388/yr while 5% annual appreciation compounds into $145,048 by year five. Five-year ROI records 105.83% and total cumulative return in cash reaches $182,793. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,316/mo property income versus a $2,570/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
10,371 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: Carl Wooten • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls ID: #627440