1861 Cherokee Dr UNIT 1SalinasCA93906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1861 Cherokee Dr UNIT 1, Salinas, CA, 93906 offers a 8.94% rental yield on a $333,333 purchase with $2,482/mo rent. Total monthly income registers $2,482/mo, and a $1,632/mo payment leaves $420/mo available for distribution. Annual cash flow reaches $5,045/yr on $110,500 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $2,151/yr while 5% annual appreciation supports $92,094 over five years. Portfolio math shows five-year ROI at 127.34% and total cumulative return in cash at $140,713. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,482/mo property income against a $1,632/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
776 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pamela Chyba • California LWF INC
Mls Name: CRMLS
Mls ID: #PW25197738