2985 Essie PlModestoCA95355
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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 Modesto at 2985 Essie Pl, Modesto, CA, 95355 earns $1,405/mo cash flow from $5,002/mo rent with a $2,741/mo payment. Total monthly income totals $5,002/mo, and annual cash flow totals $16,856/yr on $184,240 capital. ROI tracks 29.21% on current figures, and rental yield reads 10.72% at a $560,000 purchase. Equity gained on principal adds $3,614/yr, and 5% annual appreciation supports $154,718 over five years. Five-year ROI reaches 152.99% and total cumulative return in cash sums $281,873. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,002/mo property income instead of your personal income.
Single Family
Built in 2006
7,380 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95355, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,443 (100%) |
| Owner Occupied HU | 13,280 (59.2%) |
| Renter Occupied HU | 8,595 (38.3%) |
| Vacant Housing Units | 568 ( 2.5%) |
| Median Home Value | $486,473 |
| Average Home Value | $529,781 |
Housing Distribution
Address Breakdown
Residential
22,688
Single Family
19,303
Multi-Family
3,385
Businesses
825
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Listed by: John Medeiros • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224084813
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.