Summit WayModestoCA95357
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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 Summit Way, Modesto, CA, 95357 priced at $404,900 converts $2,990/mo rent into $485/mo cash flow after a $1,982/mo obligation. Total monthly income equals $2,990/mo, and annual cash flow totals $5,820/yr on $134,224 invested. Return on cash invested prints 24.25% in year one, and rental yield reads 8.86% against a $404,900 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation compiles into $111,866 by year five. Five-year ROI reaches 126.12% and total cumulative return in cash sums $169,290. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,990/mo property income covering a $1,982/mo payment, not borrower’s personal income.
Single Family
Built in 1975
6,364 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95357, Modesto, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,127 (100%) |
| Owner Occupied HU | 2,835 (68.7%) |
| Renter Occupied HU | 1,171 (28.4%) |
| Vacant Housing Units | 121 ( 2.9%) |
| Median Home Value | $521,319 |
| Average Home Value | $549,821 |
Housing Distribution
Address Breakdown
Residential
4,048
Single Family
4,048
Multi-Family
0
Businesses
620
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Listed by: Daniel Alvarez • EXIT REALTY CONSULTANTS
Mls Name: EXIT Realty broker feed
Mls ID: #225131892