24 Long Ridge TrlCarmelCA93923
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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 Carmel at 24 Long Ridge Trl, Carmel, CA, 93923 at $400,000 posts ROI 54.9% with $3,867/mo cash flow from $8,837/mo rent. Total monthly income equals $8,837/mo, and annual cash flow records $46,404/yr on $132,600 to close. Return on cash invested measures 54.9% and rental yield reads 26.51% at the current $400,000. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 by year five. Five-year ROI prints 298.67% and total cumulative return in cash totals $396,040.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,837/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
23.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93923, Carmel, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,097 (100%) |
| Owner Occupied HU | 5,047 (50.0%) |
| Renter Occupied HU | 2,136 (21.2%) |
| Vacant Housing Units | 2,914 (28.9%) |
| Median Home Value | $1,784,061 |
| Average Home Value | $1,684,688 |
Housing Distribution
Address Breakdown
Residential
6,043
Single Family
5,541
Multi-Family
502
Businesses
707
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Listed by: StaplesGannawayGroup • Compass
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81970896
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 19:57:31 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.