15 Del Rey CirSalinasCA93901
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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 15 Del Rey Cir, Salinas, CA, 93901 generates $5,160/mo in rent and, after a $3,674/mo payment, leaves $257/mo in cash flow. Total monthly income is $5,160/mo, and annual cash flow is $3,084/yr on $246,927 invested. Return on cash invested sits at 21.31% in year one, and rental yield is 8.25% on a $750,538 entry. Equity gained on principal adds $4,843/yr, while 5% annual appreciation builds toward $207,360 over five years. Five-year ROI reaches 110.77% and total cumulative return in cash sums $273,511. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,160/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
6,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93901, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 4,339 (39.1%) |
| Renter Occupied HU | 6,104 (55.0%) |
| Vacant Housing Units | 661 ( 6.0%) |
| Median Home Value | $758,452 |
| Average Home Value | $876,198 |
Housing Distribution
Address Breakdown
Residential
10,686
Single Family
8,645
Multi-Family
2,041
Businesses
2,450
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