2412 N Main St UNIT CSalinasCA93906
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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 Salinas at 2412 N Main St UNIT C, Salinas, CA, 93906 listed at $415,000 pairs $3,332/mo rent with a $2,031/mo payment to leave $170/mo cash flow. Total monthly income runs $3,332/mo, and annual cash flow reaches $2,039/yr on $137,573 cash to close. Return on cash invested measures 21.39% in year one, and rental yield registers 9.63% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 112.66% and total cumulative return in cash totals $154,989. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,332/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
1,283 sqft lot
$N/A/sqft
$595 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: Maria Barrera • Remax Property Experts
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82010326
Disclaimer: Based on information from the MLSListings MLS as of 2025-09-02 14:18:21 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.