174 Kern St UNIT 30SalinasCA93905
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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 174 Kern St UNIT 30, Salinas, CA, 93905 earns $309/mo cash flow from $3,431/mo rent with a $1,806/mo payment. Total monthly income totals $3,431/mo, and annual cash flow totals $3,705/yr on $122,324 capital. ROI tracks 22.94% on current figures, and rental yield reads 11.16% at a $369,000 purchase. Equity gained on principal adds $2,381/yr, and 5% annual appreciation supports $101,948 over five years. Five-year ROI reaches 122.06% and total cumulative return in cash sums $149,307. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,431/mo property income instead of your personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$780 monthly 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: Alfonso Ceja • Remax Property Experts
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81990710
Disclaimer: Based on information from the MLSListings MLS as of 2025-02-12 15:31:54 PST. 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.