Residence 1652 Plan · Fresno, CA 93727

$414,990

3 bd · 2.5 ba · 1,652 sqft · SingleFamily · 899 Days on market

Excellent condition $161/mo HOA · 5% of rent

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Cash flow +6.9/30.0
• Schools +5.9/10.0
• Condition / age +4.8/5.0
• Rent growth +3.2/5.0
• Livability +3.1/5.0
• 1% rule +2.3/10.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 Bedroom 2.5 Baths 2 Car Garage

Key facts

• 2 parking spots
• Listed 898 days

🏗️ New construction. The $414,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $463,361.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $415k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-701 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $362k (12.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $337k (18.8% below list).
• Recommended offer: $337k (18.8% below list) — sets the bar for 1% rule.
• Cap rate 4.5% vs local median 3.7% in Fresno — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 62/100 on livability (#469 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: amenities D+, employment D+, schools D.
• Clovis Unified (suburban): math 58% / reading 72% proficiency, ranked #152 of 1,400 in CA (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.0%/yr); 329 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,426 units permitted in Fresno County in 2024 (296 in 5+ unit buildings).
• At $3,370/mo this rent would consume 46% of the median local household income ($87k/yr) (locally 2745% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
• Fresno County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 899 days — a 12% lower offer ($365k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask is 4% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $337,009 (18.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 899 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.73% ✗
• Cap rate: 4.48%
• Cash-on-cash: -6.48%
• DSCR: 0.71
• GRM: 11.5

CMA / ARV

• ARV (median comp): $463,361
• List price: $414,990
• Delta: -10.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6567 E Pine	0.26mi	4/2.0 (+1)	1,622 (-2%)	2mo	$450,000	$277	76
6599 E Cresthaven Dr	0.54mi	3/2.5	1,651 (-0%)	0mo	$410,820	$249	74
6535 E Cresthaven Dr	0.57mi	3/2.5	1,651 (-0%)	0mo	$429,820	$260	73
6559 E Cresthaven Dr	0.57mi	3/2.5	1,651 (-0%)	0mo	$429,820	$260	73
6584 E Blushing Dr	0.58mi	3/2.5	1,651 (-0%)	0mo	$429,820	$260	73
6531 E Blushing Dr	0.55mi	3/2.5	1,651 (-0%)	2mo	$434,820	$263	73
6549 E Clingstone Dr	0.55mi	3/2.5	1,651 (-0%)	2mo	$431,820	$262	72
6589 E Clingstone Dr	0.56mi	3/2.5	1,651 (-0%)	2mo	$429,820	$260	72
6560 E Clingstone Dr	0.58mi	3/2.5	1,651 (-0%)	1mo	$429,820	$260	72
6533 E Clingstone Dr	0.57mi	3/2.5	1,651 (-0%)	2mo	$417,990	$253	71
2064 N Autumnglo Dr	0.58mi	3/2.5	1,651 (-0%)	2mo	$429,820	$260	71
6536 E Blushing Dr	0.59mi	3/2.5	1,651 (-0%)	2mo	$429,820	$260	71

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.95% rent growth · sell at horizon

5-year hold

• IRR: -27.5%
• Equity multiple: 0.08×
• Total profit: $-119,739
• Equity at exit: $69,089

10-year hold

• IRR: -25.8%
• Equity multiple: -0.25×
• Total profit: $-161,828
• Equity at exit: $40,063

Cash invested: $129,741 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 93727

• Rents YoY: 3.0%
• Active inventory: 329
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $3,370 high
• Mortgage (P&I): −$2,430
• Tax est. 1.5%: −$579 /mo · $6,950/yr
• Insurance: −$193
• HOA: −$161
• Vacancy / Maint / Mgmt: −$708
• Net cashflow: $-701

Break-even live

Break-even rent $4,257

Max offer price $361,952

Occupancy floor —

Sensitivity live

Price	-10% $-381	-5% $-541	+0% $-701	+5% $-861	+10% $-1,021
Rent	-10% $-967	-5% $-834	+0% $-701	+5% $-568	+10% $-435
Rate	-1.0pp $-467	-0.5pp $-583	base $-701	+0.5pp $-821	+1.0pp $-943

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $115,840
• Closing costs: $13,901
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6563 E Tobey Ave Fresno, CA	4.0	2.0	1794	$4,695	$2.62	45d	1	0.14mi
6609 E Carmen Ave Fresno, CA	3.0	2.0	1782	$2,650	$1.49	4d	1	0.44mi
6446 E Meritage Dr Fresno, CA	3.0	2.5	1652	$4,195	$2.54	45d	1	0.76mi
6692 E Cambridge Ave Fresno, CA	3.0	2.5	1971	$2,495	$1.27	45d	1	0.77mi
6193 E Brick Dr Fresno, CA	3.0	2.5	1512	$2,395	$1.58	21d	1	0.81mi
6052 E Bishop Ln Fresno, CA	3.0	2.5	1579	$2,250	$1.42	22d	1	0.84mi
2400 N Armstrong Ave Fresno, CA	3.0	3.0	1400	$900	$0.64	45d	1	0.88mi
134 N Purdue Ave Fresno, CA	3.0	3.0	1534	$2,400	$1.56	3d	1	1.29mi
2743 N Vahe Ave Fresno, CA	4.0	3.0	2103	$2,700	$1.28	45d	1	1.32mi
6050 E Princeton Ave Fresno, CA	2.0	2.0	1091	$2,195	$2.01	4d	1	1.35mi
5853 E Voorman Ave Fresno, CA	4.0	3.0	1792	$2,475	$1.38	11d	1	1.39mi
2851 N Janice Ave Fresno, CA	3.0	2.0	1341	$2,395	$1.79	25d	1	1.46mi
7170 E Amherst Ave Fresno, CA	3.0	2.0	1635	$2,595	$1.59	15d	1	1.50mi

HOA detail

• Monthly dues: $161 · $1,932/yr

Listing history 22 events

1. 2026-06-21
   days on market $414,990 Active 899 DOM
2. 2026-06-18
   days on market $414,990 Active 896 DOM
3. 2026-06-17
   days on market $414,990 Active 895 DOM
4. 2026-06-16
   days on market $414,990 Active 894 DOM
5. 2026-06-15
   days on market $414,990 Active 893 DOM
6. 2026-06-13
   days on market $414,990 Active 891 DOM
7. 2026-06-13
   days on market $414,990 Active 890 DOM
8. 2026-06-10
   days on market $414,990 Active 888 DOM
9. 2026-06-09
   days on market $414,990 Active 887 DOM
10. 2026-06-08
    days on market $414,990 Active 886 DOM
11. 2026-06-07
    days on market $414,990 Active 885 DOM
12. 2026-06-05
    days on market $414,990 Active 882 DOM
13. 2026-06-03
    days on market $414,990 Active 881 DOM
14. 2026-06-02
    days on market $414,990 Active 880 DOM
15. 2026-06-01
    days on market $414,990 Active 879 DOM
16. 2026-05-31
    days on market $414,990 Active 878 DOM
17. 2024-03-30
    price $414,990 32-char remark

    Show marketing remark (32 chars)

    3 Bedroom 2.5 Baths 2 Car Garage

18. 2024-03-14
    status Active 32-char remark

    Show marketing remark (32 chars)

    3 Bedroom 2.5 Baths 2 Car Garage

19. 2024-01-18
    historical 32-char remark

    Show marketing remark (32 chars)

    3 Bedroom 2.5 Baths 2 Car Garage

20. 2024-01-14
    price $409,990 32-char remark

    Show marketing remark (32 chars)

    3 Bedroom 2.5 Baths 2 Car Garage

21. 2024-01-13
    price $403,990 32-char remark

    Show marketing remark (32 chars)

    3 Bedroom 2.5 Baths 2 Car Garage

22. 2023-11-08
    listed $399,990 Active 32-char remark

    Show marketing remark (32 chars)

    3 Bedroom 2.5 Baths 2 Car Garage

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 9/10 Extreme
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 57 unhealthy d/yr today · 60 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,441
• − Mortgage interest: −$25,955
• − Property taxes: −$6,950
• − Insurance: −$2,317
• − Repairs & maintenance: −$3,235
• − Management: −$3,235
• − HOA: −$1,932
• − Depreciation: −$13,480
• Taxable loss: −$16,664
• Est. tax savings @ 24.0%: +$3,999
• After-tax cash flow: $-4,410/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This single-family home is in excellent condition with no visible repairs needed. It offers a good investment opportunity with potential for both resale and rental value through minor updates.

Value-add opportunities

• Both Painting exterior — Enhances curb appeal and value
• Both Landscaping — Improves curb appeal and rental value
• Both New flooring — Enhances interior aesthetics and value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior — Enhances curb appeal and value ↑
• Both Landscaping — Improves curb appeal and rental value ↑
• Both New flooring — Enhances interior aesthetics and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Clovis Unified
• NCES district ID: 0609030
• Math proficiency: 58% ▲ 1.00%
• Reading proficiency: 72% ▲ 2.00%
• Median HH income: $71,950
• Composite: 58.7/100
• National rank: #2003
• State rank: #152 of 1400 in CA

Livability — Fresno

• Score: 62/100
• State rank: #469
• US rank: #15907

Category grades

Amenities D+ Commute A+ Cost of living F Crime F Employment D+ Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fresno, CA
• County: Fresno County · 834,801 people
• City population: 593,114
• Metro: Fresno, CA
• Population (ZIP): 84,107
• Household income: $87,466
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 2745.0

Population outlook (Fresno County) Hauer SSP2

• Today (2025): 1,042,971 people
• By 2030: 1,072,198 · +2.8%
• By 2040: 1,122,408 · +7.6%
• By 2050: 1,157,251 · +11.0%
• By 2075: 1,182,575 · +13.4%
• By 2100: 1,105,899 · +6.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Hispanic / Latino 46% Asian 27% Two or more races 22% White 18% Black 5% Native American 2%
• Hispanic origin (detail): Mexican 42%
• Common ancestry: Russian 1% Slovak 1% Portuguese 1%
• Foreign-born: 22% · Canada, China, Vietnam
• Languages at home: 54% English-only · Spanish 25% Other Asian/Pacific 13% Other Indo-European 6%

Political lean MEDSL · Fresno

• 2024 margin: Toss-up / Even · D 46.5% · R 50.9% · Other 2.6%
• 2008→2024 swing: -6.5pp toward R · 2008: 2.1pp · 2024: -4.4pp
• All cycles: 2024: R+4.4 2020: D+7.8 2016: D+3.9 2012: R+2.9 2008: D+2.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -317.54%
• Current HPI: 379.1959
• Rent YoY: ▲ 2.95%
• Metro: Fresno, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+3.8% since first listed

6 events — show timeline

• 2024-03-30 Price Changed $414,990 Zillow
• 2024-03-14 Relisted — Zillow
• 2024-01-18 Delisted — Zillow
• 2024-01-14 Price Changed $409,990 Zillow
• 2024-01-13 Price Changed $403,990 Zillow
• 2023-11-08 Listed $399,990 Zillow