215 Elmwood AveModestoCA95354
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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 215 Elmwood Ave, Modesto, CA, 95354 priced at $569,900 pairs $1,712/mo rent with after a $2,789/mo payment. Total monthly income equals $1,712/mo. Return on cash invested is 8.46% in year one, and rental yield stands at 3.6% on a $569,900 basis. Equity gained on principal adds $3,677/yr, and 5% annual appreciation accumulates to $157,453 by year five. Five-year ROI measures 41.39% and total cumulative return in cash reaches $77,598. For financing, Ziffy Mortgage’s DSCR program evaluates $1,712/mo property income against a $2,789/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95354, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,671 (100%) |
| Owner Occupied HU | 4,459 (46.1%) |
| Renter Occupied HU | 4,848 (50.1%) |
| Vacant Housing Units | 364 ( 3.8%) |
| Median Home Value | $451,894 |
| Average Home Value | $520,711 |
Housing Distribution
Address Breakdown
Residential
9,294
Single Family
8,539
Multi-Family
755
Businesses
1,681
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Listed by: Inmar Barrera • RE/MAX Executive
Mls Name: MetroList Services of CA
Mls ID: #225112757