166 Kern St UNIT 19SalinasCA93905
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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 166 Kern St UNIT 19, Salinas, CA, 93905 earns $193/mo cash flow from $2,321/mo rent with a $1,684/mo payment. Total monthly income totals $2,321/mo, and annual cash flow totals $2,312/yr on $114,036 capital. ROI tracks 21.94% on current figures, and rental yield reads 8.1% at a $344,000 purchase. Equity gained on principal adds $2,220/yr, and 5% annual appreciation supports $95,041 over five years. Five-year ROI reaches 113.7% and total cumulative return in cash sums $129,662. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,321/mo property income instead of your personal income.
Condo
Built in 1977
990 sqft 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: Ralph Martinez • Remax Property Experts
Mls Name: MLSListings Inc
Mls ID: #ML82024789