1454 Madrone DrSalinasCA93905
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
Investment property for sale in Salinas at 1454 Madrone Dr, Salinas, CA, 93905 listed at $835,000 pairs $5,318/mo rent with a $4,087/mo payment to leave $152/mo cash flow. Total monthly income runs $5,318/mo, and annual cash flow reaches $1,829/yr on $274,715 cash to close. Return on cash invested measures 20.73% in year one, and rental yield registers 7.64% at a $835,000 basis. Equity gained on principal adds $5,388/yr, and annual property appreciation at 5% supports $230,695 by year five. Five-year ROI tracks 107.19% and total cumulative return in cash totals $294,472. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,318/mo property income relative to a $4,087/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
5,622 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93905, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,562 (100%) |
| Owner Occupied HU | 5,983 (41.1%) |
| Renter Occupied HU | 8,234 (56.5%) |
| Vacant Housing Units | 345 ( 2.4%) |
| Median Home Value | $600,929 |
| Average Home Value | $654,414 |
Housing Distribution
Address Breakdown
Residential
13,703
Single Family
11,384
Multi-Family
2,319
Businesses
706
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandra Rangel • KW Coastal Estates
Mls Name: MLSListings Inc
Mls ID: #ML82021138