2366 N Main St UNIT 10SalinasCA93906
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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 2366 N Main St UNIT 10, Salinas, CA, 93906 generates $2,498/mo in rent and, after a $1,415/mo payment, leaves $337/mo in cash flow. Total monthly income is $2,498/mo, and annual cash flow is $4,040/yr on $95,804 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 10.37% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 127.16% and total cumulative return in cash sums $121,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,498/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$373 monthly 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: Regina Shaw • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81982665
Disclaimer: Based on information from the MLSListings MLS as of 2024-10-15 21:31:47 PDT. 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.