2418 N Main St UNIT HSalinasCA93906
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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 2418 N Main St UNIT H, Salinas, CA, 93906 priced at $399,900 converts $4,760/mo rent into $1,738/mo cash flow after a $1,957/mo obligation. Total monthly income equals $4,760/mo, and annual cash flow totals $20,862/yr on $132,567 invested. Return on cash invested prints 35.65% in year one, and rental yield reads 14.28% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 189.03% and total cumulative return in cash sums $250,592. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,760/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$548 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: April Whitehead • Better Homes & Gardens Real Estate: BEST LIFE
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81974706
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 19:26:45 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.