20 Russell Rd SPACE 8SalinasCA93906
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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
Rental property for sale in Salinas at 20 Russell Rd SPACE 8, Salinas, CA, 93906 priced at $280,000 pairs $1,990/mo rent with $258/mo cash flow after a $1,370/mo payment. Total monthly income equals $1,990/mo, and annual cash flow comes to $3,100/yr on $92,820 invested. Return on cash invested is 23.25% in year one, and rental yield stands at 8.53% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 120.79% and total cumulative return in cash reaches $112,113. For financing, Ziffy Mortgage’s DSCR program evaluates $1,990/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1999
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: Renee Garner • CENTURY 21 Masters
Mls Name: MLSListings Inc
Mls ID: #ML82006468