2404 N Main St UNIT GSalinasCA93906
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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 2404 N Main St UNIT G, Salinas, CA, 93906 priced at $419,900 pairs $4,162/mo rent with $1,025/mo cash flow after a $2,055/mo payment. Total monthly income equals $4,162/mo, and annual cash flow comes to $12,296/yr on $139,197 invested. Return on cash invested is 28.74% in year one, and rental yield stands at 11.89% on a $419,900 basis. Equity gained on principal adds $2,710/yr, and 5% annual appreciation accumulates to $116,011 by year five. Five-year ROI measures 151.89% and total cumulative return in cash reaches $211,428. For financing, Ziffy Mortgage’s DSCR program evaluates $4,162/mo property income against a $2,055/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
$540 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: Hector Navarro • Remax Property Experts
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81978021
Disclaimer: Based on information from the MLSListings MLS as of 2024-09-05 03:23:23 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.