Norman WayModestoCA95350
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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 Norman Way, Modesto, CA, 95350 priced at $395,000 converts $2,820/mo rent into $377/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,820/mo, and annual cash flow totals $4,521/yr on $130,943 invested. Return on cash invested prints 23.36% in year one, and rental yield reads 8.57% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 121.36% and total cumulative return in cash sums $158,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,820/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1959
6,019 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: Claritsa Manjarrez Rios • EXIT REALTY CONSULTANTS
Mls Name: EXIT Realty broker feed
Mls ID: #225122127