1412 Oakridge CtModestoCA95351
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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 1412 Oakridge Ct, Modesto, CA, 95351 priced at $580,000 converts $3,499/mo rent into after a $2,839/mo obligation. Total monthly income equals $3,499/mo. Return on cash invested prints 19.5% in year one, and rental yield reads 7.24% against a $580,000 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation compiles into $160,243 by year five. Five-year ROI reaches 100.6% and total cumulative return in cash sums $191,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,499/mo property income covering a $2,839/mo payment, not borrower’s personal income.
Single Family
Built in 1980
10,450 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: Peggy Halsor • Century 21 Select Real Estate
Mls Name: MetroList Services of CA
Mls ID: #225058058