1008 Bingham Dr APT 1ModestoCA95350
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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
Investment property for sale in Modesto at 1008 Bingham Dr APT 1, Modesto, CA, 95350 listed at $309,000 pairs $2,815/mo rent with a $1,512/mo payment to leave $554/mo cash flow. Total monthly income runs $2,815/mo, and annual cash flow reaches $6,646/yr on $102,434 cash to close. Return on cash invested measures 26.4% in year one, and rental yield registers 10.93% at a $309,000 basis. Equity gained on principal adds $1,994/yr, and annual property appreciation at 5% supports $85,371 by year five. Five-year ROI tracks 139.11% and total cumulative return in cash totals $142,493. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,815/mo property income relative to a $1,512/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
1,528 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95350, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,644 (100%) |
| Owner Occupied HU | 10,724 (51.9%) |
| Renter Occupied HU | 9,149 (44.3%) |
| Vacant Housing Units | 771 ( 3.7%) |
| Median Home Value | $454,823 |
| Average Home Value | $496,752 |
Housing Distribution
Address Breakdown
Residential
20,397
Single Family
17,476
Multi-Family
2,921
Businesses
1,612
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Listed by: Edward Neesan • HomeSmart PV & Associates
Mls Name: MetroList Services of CA
Mls ID: #225114138