3229 Para DrModestoCA95355
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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 3229 Para Dr, Modesto, CA, 95355 uses $142,877 cash to close to unlock $1,611/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $2,801/mo, and a $2,110/mo payment keeps the spread at $134/mo. Purchase price stands at $431,000, and rental yield measures 7.8% with $2,801/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $119,077 over five years. Five-year ROI reaches 108.91% and total cumulative return in cash records $155,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,801/mo property income covering a $2,110/mo payment rather than investor’s personal income.
Single Family
Built in 1976
7,400 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: Kevin Beyer • HomeSmart PV & Associates
Mls Name: MetroList Services of CA
Mls ID: #225134827