2415 Birch Canyon Court, Fresno, TX, USA
Good Deal
77/100This is a solid deal — priced below the local market with healthy equity after repairs. Watch that the rental yield is thin.
- 26% below area price per sqft
- $120k potential equity (24%)
- $276/mo positive cash flow
- Strong neighborhood (71/100)
- Cap rate only 4.83%
Price vs. Market
ARV Assessment
Based on 4 recent sales within 0.5 miles, comparable multi-family homes of similar size traded between $352k and $452k. The subject's 1,677 sqft and 4bd/2ba layout supports a midpoint estimate of $400k.
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Property presents in moderate condition. Estimated rehab of $8k covers kitchen, baths, and systems.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
The Fresno rental market shows strong demand. Median area rent is $2,102/mo with a 7% vacancy rate.
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Comparable 4bd units nearby rent for $1,890–$2,260. At $2,050/mo the gross yield is 8.79% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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