924 Hackberry 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
Rental property for sale in Modesto at 924 Hackberry Ave, Modesto, CA, 95350 priced at $1,395,000 converts $7,853/mo rent into after a $6,828/mo obligation. Total monthly income equals $7,853/mo. Return on cash invested prints 18.31% in year one, and rental yield reads 6.76% against a $1,395,000 entry. Equity gained on principal adds $9,002/yr, while 5% annual appreciation compiles into $385,413 by year five. Five-year ROI reaches 94.16% and total cumulative return in cash sums $425,566. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,853/mo property income covering a $6,828/mo payment, not borrower’s personal income.
Single Family
Built in 2021
9,601 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: Jamie MacDonald • PMZ Real Estate
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224069685
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.