1117 Baldwin St SPACE 44SalinasCA93906
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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 1117 Baldwin St SPACE 44, Salinas, CA, 93906 listed at $260,000 pairs $3,578/mo rent with a $1,273/mo payment to leave $1,969/mo cash flow. Total monthly income runs $3,578/mo, and annual cash flow reaches $23,630/yr on $86,190 cash to close. Return on cash invested measures 47.33% in year one, and rental yield registers 16.51% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 249.91% and total cumulative return in cash totals $215,393. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,578/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2001
N/A 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: Maria Lopez • Maria Angelica Lopez, Broker
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81978402
Disclaimer: Based on information from the MLSListings MLS as of 2024-10-15 21:31:47 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.