3024 Penny LnModestoCA95354
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
Investment property for sale in Modesto at 3024 Penny Ln, Modesto, CA, 95354 earns $299/mo cash flow from $2,743/mo rent with a $1,909/mo payment. Total monthly income totals $2,743/mo, and annual cash flow totals $3,593/yr on $129,285 capital. ROI tracks 22.69% on current figures, and rental yield reads 8.44% at a $389,999 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 over five years. Five-year ROI reaches 117.86% and total cumulative return in cash sums $152,372. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,743/mo property income instead of your personal income.
Single Family
Built in 1975
6,926 sqft lot
$N/A/sqft
No 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
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Listed by: Neftali Hernandez • Infinity Real Estate Services
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202503137
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.