115 Del Mesa CarmelCarmelCA93923
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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 Carmel at 115 Del Mesa Carmel, Carmel, CA, 93923 at $1,080,000 posts ROI 11.53% with from $4,104/mo rent. Total monthly income equals $4,104/mo. Return on cash invested measures 11.53% and rental yield reads 4.56% at the current $1,080,000. Equity gained on principal adds $6,969/yr, and 5% annual appreciation supports $298,384 by year five. Five-year ROI prints 57.81% and total cumulative return in cash totals $202,300. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,104/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93923, Carmel, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,097 (100%) |
| Owner Occupied HU | 5,047 (50.0%) |
| Renter Occupied HU | 2,136 (21.2%) |
| Vacant Housing Units | 2,914 (28.9%) |
| Median Home Value | $1,784,061 |
| Average Home Value | $1,684,688 |
Housing Distribution
Address Breakdown
Residential
6,043
Single Family
5,541
Multi-Family
502
Businesses
707
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Listed by: Jason Crum • David Lyng Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82020518