18750 Ponderosa Ln #6SalinasCA93907
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
Rental property for sale in Salinas at 18750 Ponderosa Ln #6, Salinas, CA, 93907 generates $1,840/mo in rent and, after a $1,341/mo payment, leaves $145/mo in cash flow. Total monthly income is $1,840/mo, and annual cash flow is $1,741/yr on $90,831 invested. Return on cash invested sits at 21.83% in year one, and rental yield is 8.06% on a $274,000 entry. Equity gained on principal adds $1,768/yr, while 5% annual appreciation builds toward $75,701 over five years. Five-year ROI reaches 113.15% and total cumulative return in cash sums $102,777. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,840/mo property income rather than buyer’s personal income.
Manufactured
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93907, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,780 (100%) |
| Owner Occupied HU | 5,105 (65.6%) |
| Renter Occupied HU | 2,338 (30.1%) |
| Vacant Housing Units | 337 ( 4.3%) |
| Median Home Value | $770,228 |
| Average Home Value | $891,078 |
Housing Distribution
Address Breakdown
Residential
7,425
Single Family
7,403
Multi-Family
22
Businesses
576
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank Maynard • Real Time Realty
Mls Name: BHHS broker feed
Mls ID: #ML82004312