196 Schooner Ln #196ModestoCA95356
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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 196 Schooner Ln #196, Modesto, CA, 95356 listed at $149,900 pairs $1,142/mo rent with a $734/mo payment to leave $214/mo cash flow. Total monthly income runs $1,142/mo, and annual cash flow reaches $2,573/yr on $49,692 cash to close. Return on cash invested measures 25.09% in year one, and rental yield registers 9.14% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 130.64% and total cumulative return in cash totals $64,919. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,142/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95356, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,484 (100%) |
| Owner Occupied HU | 7,947 (58.9%) |
| Renter Occupied HU | 5,073 (37.6%) |
| Vacant Housing Units | 464 ( 3.4%) |
| Median Home Value | $543,050 |
| Average Home Value | $611,001 |
Housing Distribution
Address Breakdown
Residential
12,633
Single Family
11,110
Multi-Family
1,523
Businesses
1,021
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Listed by: Dumara Danyal • Coralwood
Mls Name: My State MLS
Mls ID: #11599015