2640 ParkwayCeresCA95307
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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
Investment property for sale in Ceres at 2640 Parkway, Ceres, CA, 95307 offers a 9.67% rental yield on a $299,950 purchase with $2,417/mo rent. Total monthly income registers $2,417/mo, and a $1,468/mo payment leaves $562/mo available for distribution. Annual cash flow reaches $6,739/yr on $99,433 to close, and return on cash invested stands at 26.69% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,871 over five years. Portfolio math shows five-year ROI at 139.2% and total cumulative return in cash at $138,416. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,417/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
2,857 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95307, Ceres, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,374 (100%) |
| Owner Occupied HU | 8,221 (61.5%) |
| Renter Occupied HU | 4,863 (36.4%) |
| Vacant Housing Units | 290 ( 2.2%) |
| Median Home Value | $471,243 |
| Average Home Value | $519,886 |
Housing Distribution
Address Breakdown
Residential
13,247
Single Family
12,602
Multi-Family
645
Businesses
957
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Listed by: Ashok Kumar • Modesto - Orangeburg Office
Mls Name: PMZ Real Estate
Mls ID: #225137862