1207 Hoffman AveMontereyCA93940
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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 Monterey at 1207 Hoffman Ave, Monterey, CA, 93940 uses $353,160 cash to close to unlock $5,871/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $7,442/mo, and a $5,335/mo payment keeps the spread at $489/mo. Purchase price stands at $1,090,000, and rental yield measures 8.19% with $7,442/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $301,147 over five years. Five-year ROI reaches 114.39% and total cumulative return in cash records $403,980. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,442/mo property income covering a $5,335/mo payment rather than investor’s personal income.
Single Family
Built in 1981
2,433 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93940, Monterey, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 5,474 (36.0%) |
| Renter Occupied HU | 8,085 (53.2%) |
| Vacant Housing Units | 1,636 (10.8%) |
| Median Home Value | $1,052,750 |
| Average Home Value | $1,188,289 |
Housing Distribution
Address Breakdown
Residential
15,034
Single Family
13,351
Multi-Family
1,683
Businesses
2,778
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Listed by: Robin Garcia • David Lyng Real Estate
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81969011
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 20:27:44 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.