166 Kern St UNIT 26SalinasCA93905
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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 26, Salinas, CA, 93905 offers a 7.87% rental yield on a $385,000 purchase with $2,525/mo rent. Total monthly income registers $2,525/mo, and a $1,884/mo payment leaves $144/mo available for distribution. Annual cash flow reaches $1,724/yr on $127,628 to close, and return on cash invested stands at 21.26% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 110.08% and total cumulative return in cash at $140,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,525/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Hector Navarro • Remax Property Experts
Mls Name: MLSListings Inc
Mls ID: #ML82025972