115 Chaucer DrSalinasCA93901
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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
Rental property for sale in Salinas at 115 Chaucer Dr, Salinas, CA, 93901 priced at $769,999 converts $6,918/mo rent into $2,154/mo cash flow after a $3,769/mo obligation. Total monthly income equals $6,918/mo, and annual cash flow totals $25,853/yr on $253,330 invested. Return on cash invested prints 30.27% in year one, and rental yield reads 10.78% against a $769,999 entry. Equity gained on principal adds $4,969/yr, while 5% annual appreciation compiles into $212,737 by year five. Five-year ROI reaches 158.35% and total cumulative return in cash sums $401,145. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,918/mo property income covering a $3,769/mo payment, not borrower’s personal income.
Single Family
Built in 1957
6,100 sqft 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: Immanuel Munoz • KW Bay Area Estates
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81978355
Disclaimer: Based on information from the MLSListings MLS as of 2024-09-03 12:57:43 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.