8315 S Smith AveParlierCA93648
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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 Parlier at 8315 S Smith Ave, Parlier, CA, 93648 priced at $1,084,500 converts $3,734/mo rent into after a $5,308/mo obligation. Total monthly income equals $3,734/mo. Return on cash invested prints 10.21% in year one, and rental yield reads 4.13% against a $1,084,500 entry. Equity gained on principal adds $6,998/yr, while 5% annual appreciation compiles into $299,627 by year five. Five-year ROI reaches 50.74% and total cumulative return in cash sums $178,297. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,734/mo property income covering a $5,308/mo payment, not borrower’s personal income.
Single Family
Built in 1965
36.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93648, Parlier, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,220 (100%) |
| Owner Occupied HU | 2,047 (48.5%) |
| Renter Occupied HU | 1,871 (44.3%) |
| Vacant Housing Units | 302 ( 7.2%) |
| Median Home Value | $269,774 |
| Average Home Value | $373,034 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,527
Multi-Family
355
Businesses
167
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Listed by: Brent Sarabian • London Properties, Ltd.
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #616074
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.