1008 N Sanborn RoadSalinasCA93905
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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 1008 N Sanborn Road, Salinas, CA, 93905 offers $6,853/mo rent that, after a $3,911/mo payment, leaves $1,740/mo cash flow. Total monthly income is $6,853/mo, and annual cash flow is $20,882/yr on $262,871 cash. Return on cash invested measures 28% in year one, and rental yield stands at 10.29% at a $799,000 entry. Equity gained on principal adds $5,156/yr while 5% annual appreciation compounds into $220,749 by year five. Five-year ROI records 146.51% and total cumulative return in cash reaches $385,122. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,853/mo property income versus a $3,911/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
8,678 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93905, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,562 (100%) |
| Owner Occupied HU | 5,983 (41.1%) |
| Renter Occupied HU | 8,234 (56.5%) |
| Vacant Housing Units | 345 ( 2.4%) |
| Median Home Value | $600,929 |
| Average Home Value | $654,414 |
Housing Distribution
Address Breakdown
Residential
13,703
Single Family
11,384
Multi-Family
2,319
Businesses
706
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Nearby investment properties with comparable prices
Listed by: Richard Bueno • Keller Williams Realty Tulare County
Mls Name: TCMLS
Mls Provider:
Mls ID: #224658
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-09-03 12:38:45 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.