1218 Shafter AvePacific GroveCA93950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pacific Grove at 1218 Shafter Ave, Pacific Grove, CA, 93950 at $899,000 posts ROI 9.52% with from $2,963/mo rent. Total monthly income equals $2,963/mo. Return on cash invested measures 9.52% and rental yield reads 3.96% at the current $899,000. Equity gained on principal adds $5,801/yr, and 5% annual appreciation supports $248,377 by year five. Five-year ROI prints 47.08% and total cumulative return in cash totals $139,258. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,963/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1951
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93950, Pacific Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,117 (100%) |
| Owner Occupied HU | 3,252 (40.1%) |
| Renter Occupied HU | 3,449 (42.5%) |
| Vacant Housing Units | 1,416 (17.4%) |
| Median Home Value | $1,218,586 |
| Average Home Value | $1,311,521 |
Housing Distribution
Address Breakdown
Residential
7,786
Single Family
6,800
Multi-Family
986
Businesses
1,054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Staples Gannaway Group • Compass
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81981377
Disclaimer: Based on information from the MLSListings MLS as of 2024-10-15 23:31:48 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.