3308 Melones CtModestoCA95354
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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 3308 Melones Ct, Modesto, CA, 95354 offers a 8.22% rental yield on a $425,000 purchase with $2,911/mo rent. Total monthly income registers $2,911/mo, and a $2,080/mo payment leaves $282/mo available for distribution. Annual cash flow reaches $3,384/yr on $140,888 to close, and return on cash invested stands at 22.31% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 115.74% and total cumulative return in cash at $163,061. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,911/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
7,026 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: Marcos Serrano • HomeSmart PV & Associates
Mls Name: MetroList Services of CA
Mls ID: #225123325