1 Eliot CirSalinasCA93906
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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 Salinas at 1 Eliot Cir, Salinas, CA, 93906 priced at $885,000 converts $4,930/mo rent into after a $4,332/mo obligation. Total monthly income equals $4,930/mo. Return on cash invested prints 17.81% in year one, and rental yield reads 6.68% against a $885,000 entry. Equity gained on principal adds $5,711/yr, while 5% annual appreciation compiles into $244,509 by year five. Five-year ROI reaches 91.56% and total cumulative return in cash sums $266,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,930/mo property income covering a $4,332/mo payment, not borrower’s personal income.
Single Family
Built in 2000
6,876 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93906, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,556 (100%) |
| Owner Occupied HU | 9,176 (49.5%) |
| Renter Occupied HU | 8,759 (47.2%) |
| Vacant Housing Units | 621 ( 3.3%) |
| Median Home Value | $644,358 |
| Average Home Value | $745,036 |
Housing Distribution
Address Breakdown
Residential
17,761
Single Family
15,603
Multi-Family
2,158
Businesses
903
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Listed by: Fabian Coria • Elite Realty
Mls Name: MLSListings Inc
Mls ID: #ML82016261