3208 Greengate DrModestoCA95355
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
Rental property for sale in Modesto at 3208 Greengate Dr, Modesto, CA, 95355 priced at $580,800 converts $3,198/mo rent into after a $2,843/mo obligation. Total monthly income equals $3,198/mo. Return on cash invested prints 17.32% in year one, and rental yield reads 6.61% against a $580,800 entry. Equity gained on principal adds $3,748/yr, while 5% annual appreciation compiles into $160,464 by year five. Five-year ROI reaches 89.02% and total cumulative return in cash sums $170,108. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,198/mo property income covering a $2,843/mo payment, not borrower’s personal income.
Single Family
Built in 2000
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Francis IP • International Properties
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #225004635
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.