125 Surf Way APT 331MontereyCA93940
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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 125 Surf Way APT 331, Monterey, CA, 93940 earns from $6,967/mo rent with a $5,727/mo payment. Total monthly income totals $6,967/mo. ROI tracks 16.26% on current figures, and rental yield reads 7.15% at a $1,170,000 purchase. Equity gained on principal adds $7,550/yr, and 5% annual appreciation supports $323,249 over five years. Five-year ROI reaches 84.37% and total cumulative return in cash sums $319,813. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,967/mo property income instead of your personal income.
Condo
Built in 1993
661 sqft lot
$N/A/sqft
$1,026 monthly 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: Joe Gallagher • Sothebys International Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81953426
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.