15 Work AveDel Rey OaksCA93940
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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 Del Rey Oaks at 15 Work Ave, Del Rey Oaks, CA, 93940 priced at $899,900 converts $3,990/mo rent into after a $4,405/mo obligation. Total monthly income equals $3,990/mo. Return on cash invested prints 13.67% in year one, and rental yield reads 5.32% against a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation compiles into $248,626 by year five. Five-year ROI reaches 69.33% and total cumulative return in cash sums $205,276. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,990/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Single Family
Built in 1957
5,649 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93940, Monterey, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 5,474 (36.0%) |
| Renter Occupied HU | 8,085 (53.2%) |
| Vacant Housing Units | 1,636 (10.8%) |
| Median Home Value | $1,052,750 |
| Average Home Value | $1,188,289 |
Housing Distribution
Address Breakdown
Residential
15,034
Single Family
13,351
Multi-Family
1,683
Businesses
2,778
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Listed by: Mark Delano Vincent • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82028374