234 Cherry DrSalinasCA93901
Nearby investment properties with comparable rents
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
Rental property for sale in Salinas at 234 Cherry Dr, Salinas, CA, 93901 generates $3,358/mo in rent and, after a $2,545/mo payment, leaves $141/mo in cash flow. Total monthly income is $3,358/mo, and annual cash flow is $1,696/yr on $171,080 invested. Return on cash invested sits at 21.05% in year one, and rental yield is 7.75% on a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 108.94% and total cumulative return in cash sums $186,383. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,358/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
5,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93901, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 4,339 (39.1%) |
| Renter Occupied HU | 6,104 (55.0%) |
| Vacant Housing Units | 661 ( 6.0%) |
| Median Home Value | $758,452 |
| Average Home Value | $876,198 |
Housing Distribution
Address Breakdown
Residential
10,686
Single Family
8,645
Multi-Family
2,041
Businesses
2,450
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Catherine Gheen • Gheen Properties Inc
Mls Name: MLSListings Inc
Mls ID: #ML82032666