32 Southbank RdCarmel ValleyCA93924
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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 Carmel Valley at 32 Southbank Rd, Carmel Valley, CA, 93924 priced at $875,000 pairs $3,613/mo rent with after a $4,283/mo payment. Total monthly income equals $3,613/mo. Return on cash invested is 12.56% in year one, and rental yield stands at 4.95% on a $875,000 basis. Equity gained on principal adds $5,646/yr, and 5% annual appreciation accumulates to $241,746 by year five. Five-year ROI measures 63.37% and total cumulative return in cash reaches $182,423. For financing, Ziffy Mortgage’s DSCR program evaluates $3,613/mo property income against a $4,283/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93924, Carmel Valley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,062 (100%) |
| Owner Occupied HU | 1,905 (62.2%) |
| Renter Occupied HU | 705 (23.0%) |
| Vacant Housing Units | 452 (14.8%) |
| Median Home Value | $1,293,929 |
| Average Home Value | $1,396,655 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,733
Multi-Family
85
Businesses
312
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Listed by: Emily Weidner • Monterey Coast Realty
Mls Name: MLSListings Inc
Mls ID: #ML82017966