1470 Madrone DrSalinasCA93905
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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
Rental property for sale in Salinas at 1470 Madrone Dr, Salinas, CA, 93905 generates $7,134/mo in rent and, after a $4,087/mo payment, leaves $1,968/mo in cash flow. Total monthly income is $7,134/mo, and annual cash flow is $23,621/yr on $274,715 invested. Return on cash invested sits at 28.66% in year one, and rental yield is 10.25% on a $835,000 entry. Equity gained on principal adds $5,388/yr, while 5% annual appreciation builds toward $230,695 over five years. Five-year ROI reaches 149.73% and total cumulative return in cash sums $411,328. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,134/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
5,470 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
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Listed by: Rosa Figueroa • Berkshire Hathaway HS Real Time Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81976852
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 19:26:45 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.