19811 Spring Ridge TerSalinasCA93908
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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 19811 Spring Ridge Ter, Salinas, CA, 93908 at $1,795,000 posts ROI 20.92% with $268/mo cash flow from $11,678/mo rent. Total monthly income equals $11,678/mo, and annual cash flow records $3,221/yr on $581,580 to close. Return on cash invested measures 20.92% and rental yield reads 7.81% at the current $1,795,000. Equity gained on principal adds $11,583/yr, and 5% annual appreciation supports $495,925 by year five. Five-year ROI prints 108.41% and total cumulative return in cash totals $630,505.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $11,678/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
0.86 Acres lot
$N/A/sqft
$305 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: Cliff Mortensen • Mariner Real Estate Inc.
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81969027
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.