929 W Norwich AveFresnoCA93705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 929 W Norwich Ave, Fresno, CA, 93705 generates $2,460/mo in rent and, after a $1,835/mo payment, leaves $141/mo in cash flow. Total monthly income is $2,460/mo, and annual cash flow is $1,687/yr on $124,313 invested. Return on cash invested sits at 21.27% in year one, and rental yield is 7.87% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 110.12% and total cumulative return in cash sums $136,887. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,460/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
10,667 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93705, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,841 (100%) |
| Owner Occupied HU | 5,897 (42.6%) |
| Renter Occupied HU | 7,361 (53.2%) |
| Vacant Housing Units | 583 ( 4.2%) |
| Median Home Value | $307,866 |
| Average Home Value | $348,514 |
Housing Distribution
Address Breakdown
Residential
12,800
Single Family
11,072
Multi-Family
1,728
Businesses
319
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edward Ferguson • HomeSmart PV and Associates
Mls Name: Fresno MLS
Mls ID: #638167