7939 N Backer 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
Total monthly income runs $3,048/mo, and a $2,506/mo payment. Purchase price stands at $512,000, and rental yield measures 7.14% with $3,048/mo rent. Return on cash invested shows 18.64% in year one, and 5% annual appreciation builds toward $141,456 over five years. Five-year ROI reaches 96.21% and total cumulative return in cash records $162,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,048/mo property income covering a $2,506/mo payment rather than investor’s personal income.
Single Family
Built in 2005
6,242 sqft 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: Robin Squires • London Properties, Ltd.
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #618905
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.