8790 N Chance 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
Investment property for sale in Fresno at 8790 N Chance Ave, Fresno, CA, 93720 uses $157,463 cash to close to unlock $16,765/yr annual cash flow and $1,397/mo monthly cash flow. Total monthly income runs $4,340/mo, and a $2,325/mo payment keeps the spread at $1,397/mo. Purchase price stands at $475,000, and rental yield measures 10.96% with $4,340/mo rent. Return on cash invested shows 30.56% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 159.97% and total cumulative return in cash records $251,887. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,340/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1989
4,500 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: Mark R. Martinez • London Properties, Ltd.
Mls Name: Fresno MLS
Mls Provider:
Mls ID: #616662
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.