Lakewood Ave #2ModestoCA95355
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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 Lakewood Ave #2, Modesto, CA, 95355 offers a 10.84% rental yield on a $295,000 purchase with $2,665/mo rent. Total monthly income registers $2,665/mo, and a $1,444/mo payment leaves $840/mo available for distribution. Annual cash flow reaches $10,079/yr on $97,793 to close, and return on cash invested stands at 30.22% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 158.1% and total cumulative return in cash at $154,610. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,665/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
923.47 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95355, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,443 (100%) |
| Owner Occupied HU | 13,280 (59.2%) |
| Renter Occupied HU | 8,595 (38.3%) |
| Vacant Housing Units | 568 ( 2.5%) |
| Median Home Value | $486,473 |
| Average Home Value | $529,781 |
Housing Distribution
Address Breakdown
Residential
22,688
Single Family
19,303
Multi-Family
3,385
Businesses
825
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Listed by: Jose Diaz • EXIT REALTY CONSULTANTS
Mls Name: EXIT Realty broker feed
Mls ID: #225145894