310 Carmel AveMarinaCA93933
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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 310 Carmel Ave, Marina, CA, 93933 offers $4,428/mo rent that, after a $3,916/mo payment. Total monthly income is $4,428/mo. Return on cash invested measures 17.68% in year one, and rental yield stands at 6.64% at a $800,000 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $221,025 by year five. Five-year ROI records 90.86% and total cumulative return in cash reaches $239,156. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,428/mo property income versus a $3,916/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
2,919 sqft 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: Rick La Jeunesse • Rick La Jeunesse, Real Estate Broker
Mls Name: MLSListings Inc
Mls ID: #ML82009503