261 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
Investment property for sale in Carmel at 261 Del Mesa Carmel, Carmel, CA, 93923 with 5% annual appreciation on a $1,285,000 basis while $4,257/mo rent supports operations. 73% in year one. Equity gained on principal adds $8,292/yr, and five-year appreciation sums $355,022 alongside rental yield of 3.98%. Five-year ROI measures 48.16% and total cumulative return in cash totals $200,494. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,257/mo property income versus a $6,289/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1968
1,464 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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Listed by: Judith Profeta • Carmel Realty Company
Mls Name: MLSListings Inc
Mls ID: #ML82028604