117 E Fairmont AveModestoCA95354
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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 Modesto at 117 E Fairmont Ave, Modesto, CA, 95354 offers $2,425/mo rent that, after a $2,643/mo payment. Total monthly income is $2,425/mo. Return on cash invested measures 13.88% in year one, and rental yield stands at 5.39% at a $539,999 entry. Equity gained on principal adds $3,485/yr while 5% annual appreciation compounds into $149,192 by year five. Five-year ROI records 70.47% and total cumulative return in cash reaches $125,198. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,425/mo property income versus a $2,643/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1956
9,735 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95354, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,671 (100%) |
| Owner Occupied HU | 4,459 (46.1%) |
| Renter Occupied HU | 4,848 (50.1%) |
| Vacant Housing Units | 364 ( 3.8%) |
| Median Home Value | $451,894 |
| Average Home Value | $520,711 |
Housing Distribution
Address Breakdown
Residential
9,294
Single Family
8,539
Multi-Family
755
Businesses
1,681
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Listed by: Michael Meneses • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls ID: #225128889