1690 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
Investment property for sale in Salinas at 1690 Cherokee Dr, Salinas, CA, 93906 listed at $649,000 pairs $3,423/mo rent with a $3,177/mo payment. Total monthly income runs $3,423/mo. Return on cash invested measures 16.73% in year one, and rental yield registers 6.33% at a $649,000 basis. Equity gained on principal adds $4,188/yr, and annual property appreciation at 5% supports $179,307 by year five. Five-year ROI tracks 85.77% and total cumulative return in cash totals $183,132. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,423/mo property income relative to a $3,177/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
3,100 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: Mary Ann Osorio • Berkshire Hathaway HS Real Time Realty
Mls Name: MLSListings Inc
Mls ID: #ML82012559