2901 Penny Ln APT DModestoCA95354
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2901 Penny Ln APT D, Modesto, CA, 95354 in Modesto is a top-tier cash-flow asset. At $245,000 it produces $3,458/mo in rent and $1,415/mo in net monthly income, a 16.94% gross rental yield. The DSCR of 3.14 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $16,977. Five-year appreciation adds $67,689, driving a total cumulative return of $186,208.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.9% | 5.8% |
| Monthly Cash Flow | $1,415 | $420 |
City averages based on Modesto market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,458 |
| Total Monthly Debt Service | $1,946 |
| DSCR Ratio | 1.78x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
937 sqft lot
$N/A/sqft
$528 monthly 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
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
Condo
Built in 1980
937 sqft lot
$N/A/sqft
$528 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices