943 E Lansing WayFresnoCA93704
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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 Fresno at 943 E Lansing Way, Fresno, CA, 93704 priced at $319,900 converts $2,292/mo rent into $204/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,292/mo, and annual cash flow totals $2,445/yr on $106,047 invested. Return on cash invested prints 22.21% in year one, and rental yield reads 8.6% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 115.64% and total cumulative return in cash sums $122,636. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,292/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1947
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93704, Fresno, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,917 (100%) |
| Owner Occupied HU | 6,178 (51.8%) |
| Renter Occupied HU | 5,144 (43.2%) |
| Vacant Housing Units | 595 ( 5.0%) |
| Median Home Value | $445,508 |
| Average Home Value | $504,721 |
Housing Distribution
Address Breakdown
Residential
11,423
Single Family
9,346
Multi-Family
2,077
Businesses
715
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Listed by: Rick Pharr • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls ID: #628346