255 E Bolivar St SPACE 84SalinasCA93906
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 255 E Bolivar St SPACE 84, Salinas, CA, 93906 in Salinas hard to pass up. The 16.5% gross yield on a $305,000 purchase results in $4,194/mo in rent and $2,307/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.06). Annual cash flow of $27,687, five-year appreciation of $84,266, and $2,809/yr in equity build-up combine for a projected total cumulative return of $264,206.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.5% | 6.5% |
| Monthly Cash Flow | $2,307 | $400 |
City averages based on Salinas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,194 |
| Total Monthly Debt Service | $1,765 |
| DSCR Ratio | 2.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1974
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1974
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Gomez • Century 21 Showcase Realtors
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82010982
Disclaimer: Based on information from the MLSListings MLS as of 2025-10-31 22:05:37 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.