617 W Granger Ave APT 83ModestoCA95350
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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
Rental property for sale in Modesto at 617 W Granger Ave APT 83, Modesto, CA, 95350 generates $2,140/mo in rent and, after a $1,221/mo payment, leaves $148/mo in cash flow. Total monthly income is $2,140/mo, and annual cash flow is $1,773/yr on $82,709 invested. Return on cash invested sits at 22.05% in year one, and rental yield is 10.29% on a $249,500 entry. Equity gained on principal adds $1,610/yr, while 5% annual appreciation builds toward $68,932 over five years. Five-year ROI reaches 116.7% and total cumulative return in cash sums $96,525. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,140/mo property income rather than buyer’s personal income.
Condo
Built in 1968
1,002 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 |
Housing Distribution
Address Breakdown
Residential
20,397
Single Family
17,476
Multi-Family
2,921
Businesses
1,612
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Listed by: Eddie Sanchez • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224104543
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.