1061 Riker St UNIT 1SalinasCA93901
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Nearby investment properties with comparable prices
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
Investment property for sale in Salinas at 1061 Riker St UNIT 1, Salinas, CA, 93901 listed at $555,000 pairs $3,433/mo rent with a $2,716/mo payment. Total monthly income runs $3,433/mo. Return on cash invested measures 17.47% in year one, and rental yield registers 7.42% at a $555,000 basis. Equity gained on principal adds $3,581/yr, and annual property appreciation at 5% supports $153,336 by year five. Five-year ROI tracks 90.69% and total cumulative return in cash totals $165,596. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,433/mo property income relative to a $2,716/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
6.21 Acres lot
$N/A/sqft
$305 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93901, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 4,339 (39.1%) |
| Renter Occupied HU | 6,104 (55.0%) |
| Vacant Housing Units | 661 ( 6.0%) |
| Median Home Value | $758,452 |
| Average Home Value | $876,198 |
Housing Distribution
Address Breakdown
Residential
10,686
Single Family
8,645
Multi-Family
2,041
Businesses
2,450
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Listed by: Dani M. Wilcox • KW Coastal Estates
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81999868
Disclaimer: Based on information from the MLSListings MLS as of 2025-04-04 18:16:42 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.