22524 Oak Canyon RdSalinasCA93908
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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 22524 Oak Canyon Rd, Salinas, CA, 93908 listed at $991,000 pairs $6,601/mo rent with a $4,850/mo payment to leave $471/mo cash flow. Total monthly income runs $6,601/mo, and annual cash flow reaches $5,651/yr on $326,039 cash to close. Return on cash invested measures 21.79% in year one, and rental yield registers 7.99% at a $991,000 basis. Equity gained on principal adds $6,395/yr, and annual property appreciation at 5% supports $273,795 by year five. Five-year ROI tracks 112.9% and total cumulative return in cash totals $368,110. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,601/mo property income relative to a $4,850/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.32 Acres lot
$N/A/sqft
No 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: Jared English • Jared English, Broker
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #224129838
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.