2124 Mount Vernon Dr APT EModestoCA95350
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2124 Mount Vernon Dr APT E, Modesto, CA, 95350 offers a 11.89% rental yield on a $235,000 purchase with $2,329/mo rent. Total monthly income registers $2,329/mo, and a $1,150/mo payment leaves $450/mo available for distribution. Annual cash flow reaches $5,405/yr on $77,903 to close, and return on cash invested stands at 26.85% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 142.46% and total cumulative return in cash at $110,980. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,329/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
1,062 sqft lot
$N/A/sqft
$425 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Salvador Andrade • HomeSmart PV & Associates
Mls Name: MetroList Services of CA
Mls ID: #225097678