1200 S Carpenter RdModestoCA95351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1200 S Carpenter Rd, Modesto, CA, 95351 offers $2,159/mo rent that, after a $489/mo payment, leaves $1,541/mo cash flow. Total monthly income is $2,159/mo, and annual cash flow is $18,490/yr on $33,150 cash. Return on cash invested measures 75.69% in year one, and rental yield stands at 25.91% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 402% and total cumulative return in cash reaches $133,264. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,159/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95351, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,612 (100%) |
| Owner Occupied HU | 6,403 (47.0%) |
| Renter Occupied HU | 6,749 (49.6%) |
| Vacant Housing Units | 460 ( 3.4%) |
| Median Home Value | $376,029 |
| Average Home Value | $409,122 |
Housing Distribution
Address Breakdown
Residential
13,239
Single Family
12,139
Multi-Family
1,100
Businesses
1,333
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Listed by: Yessie Jamison • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #225062989
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