501 Colfax AveModestoCA95354
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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 501 Colfax Ave, Modesto, CA, 95354 at $378,000 posts ROI 23.67% with $393/mo cash flow from $2,731/mo rent. Total monthly income equals $2,731/mo, and annual cash flow records $4,713/yr on $125,307 to close. Return on cash invested measures 23.67% and rental yield reads 8.67% at the current $378,000. Equity gained on principal adds $2,439/yr, and 5% annual appreciation supports $104,434 by year five. Five-year ROI prints 123.02% and total cumulative return in cash totals $154,149.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,731/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
7,596 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: James Lawry • RE/MAX Executive
Mls Name: MetroList Services of CA
Mls ID: #225080879