18372 Fieldcrest LnSalinasCA93908
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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
Rental property for sale in Salinas at 18372 Fieldcrest Ln, Salinas, CA, 93908 priced at $1,035,000 converts $7,433/mo rent into $676/mo cash flow after a $5,066/mo obligation. Total monthly income equals $7,433/mo, and annual cash flow totals $8,117/yr on $335,340 invested. Return on cash invested prints 22.79% in year one, and rental yield reads 8.62% against a $1,035,000 entry. Equity gained on principal adds $6,679/yr, while 5% annual appreciation compiles into $285,951 by year five. Five-year ROI reaches 118.65% and total cumulative return in cash sums $397,896. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,433/mo property income covering a $5,066/mo payment, not borrower’s personal income.
Single Family
Built in 1997
6,098 sqft lot
$N/A/sqft
$239 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93908, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,124 (100%) |
| Owner Occupied HU | 3,967 (77.4%) |
| Renter Occupied HU | 856 (16.7%) |
| Vacant Housing Units | 301 ( 5.9%) |
| Median Home Value | $1,065,046 |
| Average Home Value | $1,174,842 |
Housing Distribution
Address Breakdown
Residential
4,842
Single Family
4,578
Multi-Family
264
Businesses
207
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Listed by: Scott Craig • KW Coastal Estates
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81975098
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 20:27:44 PDT. 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.