1588 Cherokee DrSalinasCA93906
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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
Total monthly income runs $3,644/mo, and a $2,937/mo payment. Purchase price stands at $600,000, and rental yield measures 7.29% with $3,644/mo rent. Return on cash invested shows 19.65% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 101.4% and total cumulative return in cash records $200,160. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,644/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 1975
3,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93906, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,556 (100%) |
| Owner Occupied HU | 9,176 (49.5%) |
| Renter Occupied HU | 8,759 (47.2%) |
| Vacant Housing Units | 621 ( 3.3%) |
| Median Home Value | $644,358 |
| Average Home Value | $745,036 |
Housing Distribution
Address Breakdown
Residential
17,761
Single Family
15,603
Multi-Family
2,158
Businesses
903
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Listed by: Johnny Quillopo • Global Estates & Mortgage
Mls Name: MLSListings Inc
Mls ID: #ML82009355