190 Kern St UNIT 48SalinasCA93905
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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 190 Kern St UNIT 48, Salinas, CA, 93905 uses $134,258 cash to close to unlock $11,818/yr annual cash flow and $985/mo monthly cash flow. Total monthly income runs $3,490/mo, and a $1,982/mo payment keeps the spread at $985/mo. Purchase price stands at $405,000, and rental yield measures 10.34% with $3,490/mo rent. Return on cash invested shows 28.71% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 150.04% and total cumulative return in cash records $201,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,490/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Condo
Built in 1979
987 sqft lot
$N/A/sqft
No 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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