150 Kern St #39SalinasCA93905
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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
Investment property for sale in Salinas at 150 Kern St #39, Salinas, CA, 93905 uses $62,985 cash to close to unlock $3,259/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,447/mo, and a $930/mo payment keeps the spread at $272/mo. Purchase price stands at $190,000, and rental yield measures 9.14% with $1,447/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 130.6% and total cumulative return in cash records $82,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,447/mo property income covering a $930/mo payment rather than investor’s personal income.
Manufactured
Built in 1973
N/A 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: Tami Monasmith • Dream House Realty
Mls Name: MLSListings Inc
Mls ID: #ML82011436