1321 Vernon AveModestoCA95351
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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 1321 Vernon Ave, Modesto, CA, 95351 uses $122,655 cash to close to unlock $2,137/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $2,467/mo, and a $1,811/mo payment keeps the spread at $178/mo. Purchase price stands at $370,000, and rental yield measures 8% with $2,467/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 112.21% and total cumulative return in cash records $137,633. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,467/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 1940
9,748 sqft 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: Gina Rojas • HomeSmart PV and Associates
Mls Name: MetroList Services of CA
Mls ID: #226001487