273 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 273 Del Mesa Carmel, Carmel, CA, 93923 earns from $4,565/mo rent with a $6,353/mo payment. Total monthly income totals $4,565/mo. ROI tracks 2.4% on current figures, and rental yield reads 4.22% at a $1,298,000 purchase. Equity gained on principal adds $8,376/yr, and 5% annual appreciation supports $358,613 over five years. Five-year ROI reaches 11.78% and total cumulative return in cash sums $49,547. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,565/mo property income instead of your personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$2,524 monthly 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: Natalie Poling • Sothebys International Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81999538
Disclaimer: Based on information from the MLSListings MLS as of 2025-05-13 02:16:06 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.