270 Hames Rd SPACE 67CorralitosCA95076
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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 Corralitos at 270 Hames Rd SPACE 67, Corralitos, CA, 95076 offers a 13.46% rental yield on a $649,000 purchase with $7,277/mo rent. Total monthly income registers $7,277/mo, and a $3,177/mo payment leaves $3,002/mo available for distribution. Annual cash flow reaches $36,020/yr on $213,521 to close, and return on cash invested stands at 36.93% in year one. Equity gained on principal adds $4,188/yr while 5% annual appreciation supports $179,307 over five years. Portfolio math shows five-year ROI at 194.61% and total cumulative return in cash at $415,536. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,277/mo property income against a $3,177/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
N/A lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95076, Watsonville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,961 (100%) |
| Owner Occupied HU | 12,096 (48.5%) |
| Renter Occupied HU | 11,111 (44.5%) |
| Vacant Housing Units | 1,754 ( 7.0%) |
| Median Home Value | $774,250 |
| Average Home Value | $938,782 |
Housing Distribution
Address Breakdown
Residential
22,811
Single Family
21,245
Multi-Family
1,566
Businesses
1,912
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Listed by: Derek Fenster • David Lyng Real Estate
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81975521
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-16 00:02:45 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.