2353 Veneman AveModestoCA95356
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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 2353 Veneman Ave, Modesto, CA, 95356 generates $2,436/mo in rent, after a $1,835/mo payment. Total monthly income is $2,436/mo. Return on cash invested sits at 18.84% in year one, and rental yield is 7.8% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 97.92% and total cumulative return in cash sums $121,731. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,436/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
3,680 sqft lot
$N/A/sqft
$114 monthly 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: Ashok Kumar • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls ID: #225081615