20 Russell Rd #111SalinasCA93906
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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 20 Russell Rd #111, Salinas, CA, 93906 earns $430/mo cash flow from $1,884/mo rent with a $1,150/mo payment. Total monthly income totals $1,884/mo, and annual cash flow totals $5,165/yr on $77,903 capital. ROI tracks 26.54% on current figures, and rental yield reads 9.62% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 138.42% and total cumulative return in cash sums $107,836. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,884/mo property income instead of your personal income.
Manufactured
Built in 2007
N/A 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
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Listed by: Christian Coronel • Christian Coronel, Broker
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81992472
Disclaimer: Based on information from the MLSListings MLS as of 2025-02-12 15:31:54 PST. 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.