215 Floyd Ave APT 31ModestoCA95350
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 215 Floyd Ave APT 31, Modesto, CA, 95350 uses $81,218 cash to close to unlock $3,630/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $1,818/mo, and a $1,199/mo payment keeps the spread at $303/mo. Purchase price stands at $245,000, and rental yield measures 8.9% with $1,818/mo rent. Return on cash invested shows 24.38% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 126.83% and total cumulative return in cash records $103,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,818/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1964
1,054 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Kelly • Matel REALTORS
Mls Name: MetroList Services of CA
Mls ID: #225146392