2436 N Main StSalinasCA93906
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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 2436 N Main St, Salinas, CA, 93906 uses $99,119 cash to close to unlock $14,325/yr annual cash flow and $1,194/mo monthly cash flow. Total monthly income runs $3,523/mo, and a $1,463/mo payment keeps the spread at $1,194/mo. Purchase price stands at $299,000, and rental yield measures 14.14% with $3,523/mo rent. Return on cash invested shows 34.36% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 182.45% and total cumulative return in cash records $180,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,523/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$480 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: Remy Fortier • eXp Realty of California
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41069506
Disclaimer: Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-08-15 19:09:09 PDT.