23799 Monterey Salinas Hwy APT 20SalinasCA93908
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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 23799 Monterey Salinas Hwy APT 20, Salinas, CA, 93908 generates $3,942/mo in rent, after a $3,573/mo payment. Total monthly income is $3,942/mo. Return on cash invested sits at 17.19% in year one, and rental yield is 6.48% on a $730,000 entry. Equity gained on principal adds $4,711/yr, while 5% annual appreciation builds toward $201,686 over five years. Five-year ROI reaches 88.26% and total cumulative return in cash sums $211,970. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,942/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A 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: David Gomez • eXp Realty of Northern California, Inc.
Mls Name: MLSListings Inc
Mls ID: #ML82026839