703 E Cole AveFresnoCA93720
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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 703 E Cole Ave, Fresno, CA, 93720 offers $5,507/mo rent that, after a $3,524/mo payment, leaves $1,053/mo cash flow. Total monthly income is $5,507/mo, and annual cash flow is $12,636/yr on $236,880 cash. Return on cash invested measures 25.39% in year one, and rental yield stands at 9.18% at a $720,000 entry. Equity gained on principal adds $4,646/yr while 5% annual appreciation compounds into $198,923 by year five. Five-year ROI records 132.21% and total cumulative return in cash reaches $313,183. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,507/mo property income versus a $3,524/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93720, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,850 (100%) |
| Owner Occupied HU | 10,815 (54.5%) |
| Renter Occupied HU | 8,056 (40.6%) |
| Vacant Housing Units | 979 ( 4.9%) |
| Median Home Value | $483,329 |
| Average Home Value | $533,221 |
Housing Distribution
Address Breakdown
Residential
19,973
Single Family
18,016
Multi-Family
1,957
Businesses
1,551
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Listed by: Cathy M. Chatoian • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #615262
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.