311 Walnut StPacific GroveCA93950
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Nearby investment properties with comparable prices
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 Pacific Grove at 311 Walnut St, Pacific Grove, CA, 93950 offers $4,434/mo rent that, after a $7,821/mo payment. Total monthly income is $4,434/mo. Return on cash invested measures 7.74% in year one, and rental yield stands at 3.33% at a $1,598,000 entry. Equity gained on principal adds $10,312/yr while 5% annual appreciation compounds into $441,498 by year five. Five-year ROI records 37.46% and total cumulative return in cash reaches $193,931. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,434/mo property income versus a $7,821/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,744 sqft 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: Deane Ramoni • Sothebys International Realty
Mls Name: MLSListings Inc
Mls ID: #ML82016558