617 W Granger Ave APT 14, Modesto, CA, 95350 | $1,021/mo Cash Flow

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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 617 W Granger Ave APT 14, Modesto, CA, 95350 priced at $264,900 pairs $3,109/mo rent with $1,021/mo cash flow after a $1,297/mo payment. Total monthly income equals $3,109/mo, and annual cash flow comes to $12,250/yr on $87,814 invested. Return on cash invested is 33.86% in year one, and rental yield stands at 14.08% on a $264,900 basis. Equity gained on principal adds $1,709/yr, and 5% annual appreciation accumulates to $73,187 by year five. Five-year ROI measures 179.87% and total cumulative return in cash reaches $157,952. For financing, Ziffy Mortgage’s DSCR program evaluates $3,109/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1968

1,189 sqft lot

$N/A/sqft

$449 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