217 Iris DrSalinasCA93906
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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 217 Iris Dr, Salinas, CA, 93906 at $675,000 posts ROI 16.21% with from $3,464/mo rent. Total monthly income equals $3,464/mo. Return on cash invested measures 16.21% and rental yield reads 6.16% at the current $675,000. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 by year five. Five-year ROI prints 83.01% and total cumulative return in cash totals $184,335. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,464/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
5,900 sqft 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: Colleen Yaklich • eXp Realty of Northern California, Inc.
Mls Name: MLSListings Inc
Mls ID: #ML82028567