129 Del Mesa CarmelCarmelCA93923
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
Rental property for sale in Carmel at 129 Del Mesa Carmel, Carmel, CA, 93923 priced at $1,335,000 pairs $5,008/mo rent with after a $6,534/mo payment. Total monthly income equals $5,008/mo. Return on cash invested is 11.35% in year one, and rental yield stands at 4.5% on a $1,335,000 basis. Equity gained on principal adds $8,615/yr, and 5% annual appreciation accumulates to $368,836 by year five. Five-year ROI measures 56.85% and total cumulative return in cash reaches $245,916. For financing, Ziffy Mortgage’s DSCR program evaluates $5,008/mo property income against a $6,534/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1968
1,340 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93923, Carmel, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,097 (100%) |
| Owner Occupied HU | 5,047 (50.0%) |
| Renter Occupied HU | 2,136 (21.2%) |
| Vacant Housing Units | 2,914 (28.9%) |
| Median Home Value | $1,784,061 |
| Average Home Value | $1,684,688 |
Housing Distribution
Address Breakdown
Residential
6,043
Single Family
5,541
Multi-Family
502
Businesses
707
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Listed by: Tim Allen • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82029212