617 W Granger AveModestoCA95350
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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 617 W Granger Ave, Modesto, CA, 95350 with 5% annual appreciation on a $249,900 basis while $2,329/mo rent supports operations. Total monthly income totals $2,329/mo and a $1,223/mo payment preserves $783/mo for cash returns. Annual cash flow comes to $9,399/yr on $82,842 deployed, and return on cash invested reaches 31.25% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 11.18%. Five-year ROI measures 163.73% and total cumulative return in cash totals $135,638.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,329/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1968
1,158 sqft lot
$N/A/sqft
No 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: Heather Pereza • RE/MAX Executive
Mls Name: MetroList Services of CA
Mls ID: #225142347