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1239 Citrus Dr, Modesto, California 95356, US

Est. IRR


Est. Yield


Est. Equity Multiple


Key Stats

Last updated: December 13, 2022, 02:59 am

Est. IRR


Est. Hold Period

3 years

Est. Property Value


Beds / Baths

2 bd / 1 ba

Year Built


Sq. Ft.


Discount to FMV


Discounted Value


Asset Class (Home Equity Investment)

Home Equity Investments (HEIs) provides liquidity to 'equity-rich' homeowners without the need to take on more debt. They provide investors with a new way to invest in the equity in residential real estate, but without the associated costs such as mortgage, interest, property taxes, and maintenance costs.


Home Equity Investment in Modesto, CA

This owner-occupied home with 2 beds and 1 bath is located close to The Lakes Shopping Center (0.7 mi), Sherwood Park (1.3 mi), and Glenwood Plaza (2.6 mi).

The home sits on 0.15 acres with a total interior space of 1,221 square feet. The property was originally built in 1978 and was renovated in 2018, and includes stainless steel kitchen appliances, new ceiling fans, and modern lighting fixtures.

Local schools include Fred C. Beyer High School (1.3 mi) with a 5/10 rating, Orangeburg Christian School (1.3 mi) with a 7/10 rating, and Savage Middle School (2.0 mi) with a 5/10 rating. Nearby colleges include SEU NorCal (0.7 mi), Modesto Junior College (2.7 mi), and California State University, Stanislaus (11.8 mi)

The largest employers in the area include Memorial Medical Center (0.4 mi), Doctors Medical Center (1.7 mi), and Kaiser Permanente (2.1 mi).

The business plan would be classified as a long-term hold strategy because you are buying home equity at a discount to its fair market value.

5 Highlights about this deal:

  1. The property is valued at $404,965 with a Zillow Zestimate of $368,600 (Nov 2022).

  2. A similar 2 bed, 2 bath unit was sold in June 2022 for $430,000 within 0.26 miles of the property.

  3. The Modesto area has a GDP of $2.4 billion, is surrounded by rich farmland, and has been honored by TreeCity USA over the decades. Modesto hosts an annual architecture festival and is home to Gallo Winery, the largest family owned winery in the US.

  4. The area has witnessed a steady rate of growth over the years. Zillow estimates Modesto home values to have appreciated by 5.5% in the last 1 year.

  5. With easy access to Downtown Modesto, Northeast Modesto provides a cozy, tree-filled neighborhood. Residents can travel quickly to Downtown Modesto to enjoy the shops, restaurants, museums, and art galleries located there

Market Highlights

Closest School

Fred C. Beyer High School

Fred C. Beyer High School(1.3 mi)


Closest University

Modesto Junior College

Modesto Junior College(2.7 mi)


Closest Fortune 500 Headquarters

Ross Dress for Less

Ross Dress for Less(52.6 mi)

Industry: Apparel

Closest Employer

Memorial Medical Center

Memorial Medical Center(0.4 mi)

Industry: Healthcare

Local Employees: 3,023

Closest Transit


Lathrop/Manteca(18.4 mi)


Closest Airport

Modesto City–County Airport

Modesto City–County Airport(3.1 mi)


On the Map

1239 Citrus Dr, Modesto, California 95356, US

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