1103 Sherman DrSalinasCA93907
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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 1103 Sherman Dr, Salinas, CA, 93907 uses $222,075 cash to close to unlock $2,953/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $4,422/mo, and a $3,304/mo payment keeps the spread at $246/mo. Purchase price stands at $675,000, and rental yield measures 7.86% with $4,422/mo rent. Return on cash invested shows 21.39% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 110.76% and total cumulative return in cash records $245,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,422/mo property income covering a $3,304/mo payment rather than investor’s personal income.
Single Family
Built in 1979
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93907, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,780 (100%) |
| Owner Occupied HU | 5,105 (65.6%) |
| Renter Occupied HU | 2,338 (30.1%) |
| Vacant Housing Units | 337 ( 4.3%) |
| Median Home Value | $770,228 |
| Average Home Value | $891,078 |
Housing Distribution
Address Breakdown
Residential
7,425
Single Family
7,403
Multi-Family
22
Businesses
576
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Listed by: Martin Sanchez • Orion Realty Group
Mls Name: MLSListings Inc
Mls ID: #ML82029826