696 W Celeste 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 696 W Celeste Ave, Fresno, CA, 93704 priced at $475,000 converts $3,080/mo rent into after a $2,325/mo obligation. Total monthly income equals $3,080/mo. Return on cash invested prints 19.56% in year one, and rental yield reads 7.78% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 101.5% and total cumulative return in cash sums $159,823. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,080/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.26 Acres 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: Bryan Martin • Keller Williams Fresno
Mls Name: Fresno MLS
Mls ID: #601228