110 W Rossi St UNIT 6SalinasCA93901
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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
Investment property for sale in Salinas at 110 W Rossi St UNIT 6, Salinas, CA, 93901 offers a 9.55% rental yield on a $398,000 purchase with $3,166/mo rent. Total monthly income registers $3,166/mo, and a $1,948/mo payment leaves $704/mo available for distribution. Annual cash flow reaches $8,447/yr on $131,937 to close, and return on cash invested stands at 26.31% in year one. Equity gained on principal adds $2,568/yr while 5% annual appreciation supports $109,960 over five years. Portfolio math shows five-year ROI at 137.16% and total cumulative return in cash at $180,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,166/mo property income against a $1,948/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
No 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: Guadalupe Silva • Guadalupe M Silva, Broker
Mls Name: MLSListings Inc
Mls ID: #ML82029946