1909 Norman WayModestoCA95350
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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 1909 Norman Way, Modesto, CA, 95350 offers a 7.9% rental yield on a $395,000 purchase with $2,602/mo rent. Total monthly income registers $2,602/mo, and a $1,933/mo payment leaves $159/mo available for distribution. Annual cash flow reaches $1,905/yr on $130,943 to close, and return on cash invested stands at 21.36% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 110.64% and total cumulative return in cash at $144,870. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,602/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
6,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95350, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,644 (100%) |
| Owner Occupied HU | 10,724 (51.9%) |
| Renter Occupied HU | 9,149 (44.3%) |
| Vacant Housing Units | 771 ( 3.7%) |
| Median Home Value | $454,823 |
| Average Home Value | $496,752 |
Housing Distribution
Address Breakdown
Residential
20,397
Single Family
17,476
Multi-Family
2,921
Businesses
1,612
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Listed by: Claritsa Manjarrez-Rios • EXIT Realty Consultants
Mls Name: MetroList Services of CA
Mls ID: #225122127