3029 Garfield LnTurlockCA95382
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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 Turlock at 3029 Garfield Ln, Turlock, CA, 95382 priced at $469,000 converts $2,651/mo rent into after a $2,296/mo obligation. Total monthly income equals $2,651/mo. Return on cash invested prints 17.49% in year one, and rental yield reads 6.78% against a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation compiles into $129,576 by year five. Five-year ROI reaches 90.09% and total cumulative return in cash sums $140,059. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,651/mo property income covering a $2,296/mo payment, not borrower’s personal income.
Single Family
Built in 2001
6,199 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95382, Turlock, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,015 (100%) |
| Owner Occupied HU | 8,290 (59.2%) |
| Renter Occupied HU | 5,241 (37.4%) |
| Vacant Housing Units | 484 ( 3.5%) |
| Median Home Value | $524,213 |
| Average Home Value | $557,628 |
Housing Distribution
Address Breakdown
Residential
13,664
Single Family
11,737
Multi-Family
1,927
Businesses
468
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Listed by: Richard Salinas • Century 21 Select Real Estate
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224131228
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.