3 Glen Lake DrPacific GroveCA93950
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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 Pacific Grove at 3 Glen Lake Dr, Pacific Grove, CA, 93950 at $1,180,000 posts ROI 11.22% with from $4,384/mo rent. Total monthly income equals $4,384/mo. Return on cash invested measures 11.22% and rental yield reads 4.46% at the current $1,180,000. Equity gained on principal adds $7,614/yr, and 5% annual appreciation supports $326,012 by year five. Five-year ROI prints 56.13% and total cumulative return in cash totals $214,580. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,384/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93950, Pacific Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,117 (100%) |
| Owner Occupied HU | 3,252 (40.1%) |
| Renter Occupied HU | 3,449 (42.5%) |
| Vacant Housing Units | 1,416 (17.4%) |
| Median Home Value | $1,218,586 |
| Average Home Value | $1,311,521 |
Housing Distribution
Address Breakdown
Residential
7,786
Single Family
6,800
Multi-Family
986
Businesses
1,054
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Listed by: Amber Russell Kerchner • Over the Moon Realty, Inc
Mls Name: MLSListings Inc
Mls ID: #ML81995181