150 Kern St SPC 92SalinasCA93905
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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 SPC 92, Salinas, CA, 93905 offers a 8.45% rental yield on a $269,900 purchase with $1,901/mo rent. Total monthly income registers $1,901/mo, and a $1,321/mo payment leaves $231/mo available for distribution. Annual cash flow reaches $2,777/yr on $89,472 to close, and return on cash invested stands at 23.01% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 119.51% and total cumulative return in cash at $106,926. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,901/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1972
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: Eisrael Gomez • eXp Realty of California Inc
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82001244
Disclaimer: Based on information from the MLSListings MLS as of 2025-04-07 10:21:37 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.