1501 Millie PlModestoCA95351
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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 1501 Millie Pl, Modesto, CA, 95351 generates $2,681/mo in rent and, after a $1,958/mo payment, leaves $206/mo in cash flow. Total monthly income is $2,681/mo, and annual cash flow is $2,476/yr on $132,600 invested. Return on cash invested sits at 21.78% in year one, and rental yield is 8.04% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 112.87% and total cumulative return in cash sums $149,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,681/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
4,234 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: Lisa Cedillo • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls ID: #225096619