1177 Norwegian Ave APT 40ModestoCA95350
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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 1177 Norwegian Ave APT 40, Modesto, CA, 95350 uses $76,577 cash to close to unlock $1,843/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $1,843/mo, and a $1,131/mo payment keeps the spread at $154/mo. Purchase price stands at $231,000, and rental yield measures 9.57% with $1,843/mo rent. Return on cash invested shows 22.32% in year one, and 5% annual appreciation builds toward $63,821 over five years. Five-year ROI reaches 117.24% and total cumulative return in cash records $89,781. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,843/mo property income covering a $1,131/mo payment rather than investor’s personal income.
Condo
Built in 1978
718.74 sqft lot
$N/A/sqft
$260 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: Teresa Baugh • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls ID: #225061617