304 Carmel Ave SPACE 45MarinaCA93933
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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
Rental property for sale in Marina at 304 Carmel Ave SPACE 45, Marina, CA, 93933 generates $4,052/mo in rent and, after a $1,517/mo payment, leaves $2,135/mo in cash flow. Total monthly income is $4,052/mo, and annual cash flow is $25,615/yr on $102,765 invested. Return on cash invested sits at 44.83% in year one, and rental yield is 15.69% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 236.53% and total cumulative return in cash sums $243,067. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,052/mo property income rather than buyer’s personal income.
Manufactured
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93933, Marina, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,836 (100%) |
| Owner Occupied HU | 4,579 (42.3%) |
| Renter Occupied HU | 5,457 (50.4%) |
| Vacant Housing Units | 800 ( 7.4%) |
| Median Home Value | $824,843 |
| Average Home Value | $865,673 |
Housing Distribution
Address Breakdown
Residential
10,894
Single Family
10,101
Multi-Family
793
Businesses
710
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Listed by: Ben Ottmar • Bay Homes and Estates
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82006731
Disclaimer: Based on information from the MLSListings MLS as of 2025-10-27 22:32:12 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.