1117 Baldwin St SPACE 6SalinasCA93906
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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 6, Salinas, CA, 93906 offers a 17.78% rental yield on a $230,000 purchase with $3,408/mo rent. Total monthly income registers $3,408/mo, and a $1,126/mo payment leaves $1,985/mo available for distribution. Annual cash flow reaches $23,819/yr on $76,245 to close, and return on cash invested stands at 51.15% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 270.37% and total cumulative return in cash at $206,143. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,408/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1986
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: Monica Wason • M2 Realty Group
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82009651
Disclaimer: Based on information from the MLSListings MLS as of 2025-10-11 22:29:31 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.