1231 La Mirada 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
Total monthly income runs $5,267/mo, and a $4,841/mo payment. Purchase price stands at $989,000, and rental yield measures 6.39% with $5,267/mo rent. Return on cash invested shows 16.92% in year one, and 5% annual appreciation builds toward $273,242 over five years. Five-year ROI reaches 86.78% and total cumulative return in cash records $282,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,267/mo property income covering a $4,841/mo payment rather than investor’s personal income.
Single Family
Built in 1970
7,600 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: Joanna Hooks-Zaucha • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls ID: #ML82021109