23799 Monterey Salinas Hwy APT 13SalinasCA93908
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
Investment property for sale in Salinas at 23799 Monterey Salinas Hwy APT 13, Salinas, CA, 93908 earns $547/mo cash flow from $5,341/mo rent with a $3,793/mo payment. Total monthly income totals $5,341/mo, and annual cash flow totals $6,563/yr on $254,975 capital. ROI tracks 22.63% on current figures, and rental yield reads 8.27% at a $775,000 purchase. Equity gained on principal adds $5,001/yr, and 5% annual appreciation supports $214,118 over five years. Five-year ROI reaches 117.41% and total cumulative return in cash sums $299,371. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,341/mo property income instead of your personal income.
Condo
Built in 1976
2,966 sqft 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: Norm Yop • Agency One Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82030631