1708 Fernandes StModestoCA95355
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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 1708 Fernandes St, Modesto, CA, 95355 priced at $488,000 pairs $3,022/mo rent with after a $2,389/mo payment. Total monthly income equals $3,022/mo. Return on cash invested is 19.54% in year one, and rental yield stands at 7.43% on a $488,000 basis. Equity gained on principal adds $3,149/yr, and 5% annual appreciation accumulates to $134,825 by year five. Five-year ROI measures 101.02% and total cumulative return in cash reaches $163,424. For financing, Ziffy Mortgage’s DSCR program evaluates $3,022/mo property income against a $2,389/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
6,761 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95355, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,443 (100%) |
| Owner Occupied HU | 13,280 (59.2%) |
| Renter Occupied HU | 8,595 (38.3%) |
| Vacant Housing Units | 568 ( 2.5%) |
| Median Home Value | $486,473 |
| Average Home Value | $529,781 |
Housing Distribution
Address Breakdown
Residential
22,688
Single Family
19,303
Multi-Family
3,385
Businesses
825
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Listed by: Joeanna Basi • RE/MAX Executive
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224133303
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.