1824 California AveModestoCA95358
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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 1824 California Ave, Modesto, CA, 95358 priced at $875,000 converts $3,394/mo rent into after a $4,283/mo obligation. Total monthly income equals $3,394/mo. Return on cash invested prints 11.64% in year one, and rental yield reads 4.65% against a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation compiles into $241,746 by year five. Five-year ROI reaches 58.48% and total cumulative return in cash sums $168,347. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,394/mo property income covering a $4,283/mo payment, not borrower’s personal income.
Single Family
Built in 1920
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95358, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,162 (100%) |
| Owner Occupied HU | 5,448 (59.5%) |
| Renter Occupied HU | 3,425 (37.4%) |
| Vacant Housing Units | 289 ( 3.2%) |
| Median Home Value | $478,429 |
| Average Home Value | $585,853 |
Housing Distribution
Address Breakdown
Residential
8,705
Single Family
8,704
Multi-Family
1
Businesses
465
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Listed by: Esther Corona • HomeSmart PV & Associates
Mls Name: MetroList Services of CA
Mls ID: #225093021