3308 Sherwood Ave APT 24, Modesto, CA, 95350 | $239/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Modesto at 3308 Sherwood Ave APT 24, Modesto, CA, 95350 generates $1,952/mo in rent and, after a $1,150/mo payment, leaves $239/mo in cash flow. Total monthly income is $1,952/mo, and annual cash flow is $2,862/yr on $77,888 invested. Return on cash invested sits at 23.58% in year one, and rental yield is 9.97% on a $234,955 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,914 over five years. Five-year ROI reaches 124.01% and total cumulative return in cash sums $96,590. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,952/mo property income rather than buyer’s personal income.

Condo

Built in 1978

812 sqft lot

$N/A/sqft

$260 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 95350, Modesto, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,644 (100%)
Owner Occupied HU	10,724 (51.9%)
Renter Occupied HU	9,149 (44.3%)
Vacant Housing Units	771 ( 3.7%)
Median Home Value	$454,823
Average Home Value	$496,752