229 Crockett AveModestoCA95351
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
Rental property for sale in Modesto at 229 Crockett Ave, Modesto, CA, 95351 offers $2,386/mo rent that, after a $1,827/mo payment, leaves $77/mo cash flow. Total monthly income is $2,386/mo, and annual cash flow is $923/yr on $123,716 cash. Return on cash invested measures 20.66% in year one, and rental yield stands at 7.67% at a $373,200 entry. Equity gained on principal adds $2,408/yr while 5% annual appreciation compounds into $103,108 by year five. Five-year ROI records 106.83% and total cumulative return in cash reaches $132,170. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,386/mo property income versus a $1,827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95351, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,612 (100%) |
| Owner Occupied HU | 6,403 (47.0%) |
| Renter Occupied HU | 6,749 (49.6%) |
| Vacant Housing Units | 460 ( 3.4%) |
| Median Home Value | $376,029 |
| Average Home Value | $409,122 |
Housing Distribution
Address Breakdown
Residential
13,239
Single Family
12,139
Multi-Family
1,100
Businesses
1,333
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eddie Sanchez • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls ID: #225106533