Fresno, CA — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

4.1%

Below average

Monthly Cash Flow

-$760

After all expenses

Price-to-Rent

14.0

Investor-friendly

DSCR

0.65

Fails

📊 Key Metrics

Median Home Price: $381,680
Average Rent (3BR): $1,990/mo
Price-to-Rent Ratio: 14.0(good)
1% Rule: 0.59%(fails — need 1%+)
Cash-on-Cash Return: -9.8%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 5.3%(+1% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: -1.2% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

0.71%

of assessed value (CA avg)

Median Income

$84,097

household (CA avg)

Rent-to-Income

28.4%

Affordable

Section 8 Max Rent

$1,990/mo

3BR voucher payment

🏛️ CA Investor Climate

Landlord Friendly

3/10

State Income Tax

Has state tax

Property Tax

0.71% effective

Population Trend

-1.2% (3yr)

🏘️ Best Zip Codes in Fresno for Investors

93721

Cap Rate: 6.7%Cash Flow: +$44/mo$201,491

93702

Cap Rate: 5.2%Cash Flow: -$260/mo$256,442

93701

Cap Rate: 4.7%Cash Flow: -$342/mo$245,481

All Zip Codes in Fresno

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
93721	6.7%	+$44	$201,491	$1,710/mo	1.04
93702	5.2%	-$260	$256,442	$1,790/mo	0.81
93701	4.7%	-$342	$245,481	$1,600/mo	0.74
93703	4.5%	-$454	$297,382	$1,890/mo	0.71
93650	4.5%	-$478	$300,961	$1,890/mo	0.70
93728	4.4%	-$492	$303,038	$1,890/mo	0.69
93720	4.3%	-$858	$497,158	$3,040/mo	0.68
93720	4.3%	-$858	$497,158	$3,040/mo	0.68
93705	4.3%	-$562	$319,523	$1,940/mo	0.67
93706	4.1%	-$539	$287,984	$1,710/mo	0.65
93723	4.1%	-$961	$512,456	$3,040/mo	0.65
93726	4.1%	-$617	$330,028	$1,960/mo	0.65
93704	4.0%	-$760	$381,680	$2,210/mo	0.63
93725	3.9%	-$751	$357,300	$2,020/mo	0.60
93722	3.6%	-$943	$400,364	$2,140/mo	0.56
93710	3.2%	-$1,067	$400,489	$1,990/mo	0.50
93634	3.2%	-$1,028	$382,585	$1,890/mo	0.49
93711	3.1%	-$1,426	$514,571	$2,490/mo	0.48
93727	2.9%	-$1,245	$431,709	$2,030/mo	0.46
93730	2.9%	-$1,898	$651,591	$3,040/mo	0.45
93737	2.1%	-$1,856	$522,463	$2,030/mo	0.33