240 Rio Del Mar Blvd APT MAptosCA95003
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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 Aptos at 240 Rio Del Mar Blvd APT M, Aptos, CA, 95003 generates $4,223/mo in rent, after a $6,363/mo payment. Total monthly income is $4,223/mo. Return on cash invested sits at 6.68% in year one, and rental yield is 3.9% on a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation builds toward $359,166 over five years. Five-year ROI reaches 32.83% and total cumulative return in cash sums $138,279. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,223/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$985 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95003, Aptos, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,822 (100%) |
| Owner Occupied HU | 7,214 (61.0%) |
| Renter Occupied HU | 2,772 (23.4%) |
| Vacant Housing Units | 1,836 (15.5%) |
| Median Home Value | $1,307,054 |
| Average Home Value | $1,327,400 |
Housing Distribution
Address Breakdown
Residential
10,756
Single Family
10,373
Multi-Family
383
Businesses
621
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Listed by: Justin Moles • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81989691
Disclaimer: Based on information from the MLSListings MLS as of 2025-02-11 11:32:14 PST. 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.