7124 N Forkner AveFresnoCA93711
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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 7124 N Forkner Ave, Fresno, CA, 93711 uses $295,771 cash to close to unlock $14,544/yr annual cash flow and $1,212/mo monthly cash flow. Total monthly income runs $6,965/mo, and a $4,400/mo payment keeps the spread at $1,212/mo. Purchase price stands at $899,000, and rental yield measures 9.3% with $6,965/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 130.28% and total cumulative return in cash records $385,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,965/mo property income covering a $4,400/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93711, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,906 (100%) |
| Owner Occupied HU | 9,772 (57.8%) |
| Renter Occupied HU | 6,306 (37.3%) |
| Vacant Housing Units | 828 ( 4.9%) |
| Median Home Value | $520,990 |
| Average Home Value | $615,842 |
Housing Distribution
Address Breakdown
Residential
16,480
Single Family
14,259
Multi-Family
2,221
Businesses
1,792
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Listed by: Paul Ladwig • California Relocation Network
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #614071
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.