250 Forest Ridge Rd UNIT 27MontereyCA93940
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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 Monterey at 250 Forest Ridge Rd UNIT 27, Monterey, CA, 93940 earns from $3,264/mo rent with a $3,549/mo payment. Total monthly income totals $3,264/mo. ROI tracks 13.92% on current figures, and rental yield reads 5.4% at a $725,000 purchase. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 over five years. Five-year ROI reaches 70.67% and total cumulative return in cash sums $168,557. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,264/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93940, Monterey, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 5,474 (36.0%) |
| Renter Occupied HU | 8,085 (53.2%) |
| Vacant Housing Units | 1,636 (10.8%) |
| Median Home Value | $1,052,750 |
| Average Home Value | $1,188,289 |
Housing Distribution
Address Breakdown
Residential
15,034
Single Family
13,351
Multi-Family
1,683
Businesses
2,778
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Listed by: Suzanne Menendez-Herbst • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82028246