1231 Padre 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
Investment property for sale in Salinas at 1231 Padre Dr, Salinas, CA, 93901 offers a 6.86% rental yield on a $780,000 purchase with $4,456/mo rent. 33% in year one. Equity gained on principal adds $5,033/yr while 5% annual appreciation supports $215,500 over five years. Portfolio math shows five-year ROI at 94.35% and total cumulative return in cash at $242,116. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,456/mo property income against a $3,818/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
6,800 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: Marilyn Shostak • Sunshine Realty
Mls Name: MLSListings Inc
Mls ID: #ML82030248