246 Del Mesa CarmelCarmelCA93923
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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
Total monthly income runs $6,412/mo, and a $5,086/mo payment. Purchase price stands at $1,039,100, and rental yield measures 7.4% with $6,412/mo rent. Return on cash invested shows 20.31% in year one, and 5% annual appreciation builds toward $287,084 over five years. Five-year ROI reaches 104.9% and total cumulative return in cash records $353,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,412/mo property income covering a $5,086/mo payment rather than investor’s personal income.
Condo
Built in 1968
1,493 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93923, Carmel, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,097 (100%) |
| Owner Occupied HU | 5,047 (50.0%) |
| Renter Occupied HU | 2,136 (21.2%) |
| Vacant Housing Units | 2,914 (28.9%) |
| Median Home Value | $1,784,061 |
| Average Home Value | $1,684,688 |
Housing Distribution
Address Breakdown
Residential
6,043
Single Family
5,541
Multi-Family
502
Businesses
707
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A