138 3rd StPacific 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
Rental property for sale in Pacific Grove at 138 3rd St, Pacific Grove, CA, 93950 generates $6,884/mo in rent, after a $9,544/mo payment. Total monthly income is $6,884/mo. Return on cash invested sits at 10.53% in year one, and rental yield is 4.24% on a $1,950,000 entry. Equity gained on principal adds $12,583/yr, while 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 52.47% and total cumulative return in cash sums $331,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,884/mo property income rather than buyer’s personal income.
Single Family
Built in 1932
3,600 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: Jeanne S. Osio • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82019805